RCS - Global Invacom Group - New Japanese Office & Rebranding of UK Subsidiary <Origin Href="QuoteRef">GLOB.SI</Origin>

Global InvacomAnnouncement

31/01/2018 09:30

RNS Number : 4652D
Global Invacom Group Limited
31 January 2018
Global Invacom Grows Global Presence Through Expansion to Japan; Rebrands U.K. Subsidiary
Singapore/London, 31 January 2018 - Global Invacom Group Limited ("Global Invacom" or "the Group"), a satellite communications ("Sat Comms") equipment provider listed on the Singapore Exchange and the U.K. AIM Market, has strengthened its international business footprint through the launch of an office in Japan.
Incorporated with a paid up capital of 10 million JPY, approximately US$90,000 as Global Invacom Japan Kabushiki Kaihsa ("Global Invacom Japan"), the wholly owned subsidiary will be a key driver of business opportunities in Asia and Australasia. 
Global Invacom Japan will provide market support, customer service and other consulting services related to corporate brand development for the Group's Malaysian operation to support revenue from new territories. Initially the company has employed Mr Koji Shindo, an experienced Regional Marketing & Development Manager and former Sharp employee who possesses a wealth of product and customer knowledge to provide this support.
Mr Tony Taylor, Executive Chairman of Global Invacom, said, "The expansion to Japan is a strategic move to complement our existing global footprint. We expect the launch of Global Invacom Japan to strengthen our sales of Sat Comm products in the important developing Asian and Australasian markets." 
The Group concurrently announced the rebranding of its U.K. subsidiary The Waveguide Solution Limited. The rebranding includes a new trading name of Global Invacom Waveguide, a new logo and a revamped website, and has been carried out to align the business identity with Global Invacom's wider brand and provide consistency across all areas of the Group.
Global Invacom Waveguide is an industry leader with over 75 years' experience in the design and manufacture of flexible and rigid waveguide, providing a comprehensive technical solution for the defence, medical and communication markets. Global Invacom acquired the business in 2012.
"The rebranding is an essential step in integrating our subsidiaries into the larger group, and underscores our status as a cohesive entity that provides holistic solutions for all our customers' satellite ground equipment needs," Mr Taylor added. 
The transaction is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Global Invacom for the current financial year.
**End of Press Release**


For media queries, please contact
Matthew Garner
Chief Financial Officer
Global Invacom Group Limited
8 Temasek Boulevard 
#20-03 Suntec Tower Three 
Singapore 038988
+65 6884 3423
Freeman House
John Roberts Business Park
Canterbury CT5 3BJ
+44 203 053 3523
 
On behalf of Global Invacom Group Limited:
finnCap Ltd (Nominated Adviser and Joint Broker)
Christopher Raggett/Simon Hicks (Corporate Finance) 
+44 207 220 0500
Mirabaud Securities LLP (Joint Broker)
Peter Krens (Equity Capital Markets) 
+44 207 878 3362
WeR1 Consultants Pte Ltd (Singapore Investor Relations)
Ian Lau, ianlau@wer1.net
Roshan Singh, roshansingh@wer1.net
+65 6737 4844
About Global Invacom Group Limited
Global Invacom Group Limited ("Global Invacom") is listed on the Singapore Exchange Securities Trading Limited Mainboard ("SGX-ST") and its shares are admitted to trading on the AIM Market of the London Stock Exchange in the U.K.
Global Invacom is a fully integrated satellite equipment provider with six manufacturing plants across China, Israel, Malaysia, U.K. and the U.S. Its customers include satellite broadcasters such as BSkyB of the U.K. and Dish Network of the U.S.A.
On 24 August 2015, Global Invacom completed the acquisition of Global Skyware, a leading U.S.-based designer and supplier of satellite antennas products and services for C-band, Ku-band and Ka-band frequency platforms, positioning itself as the world's only full-service outdoor unit supplier.
Global Invacom provides a full range of dish antennas, LNB receivers, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in TV peripherals, computer peripherals, medical, and consumer electronics industries.
For more information, please refer to www.globalinvacom.com

This information is provided by RNS
The company news service from the London Stock Exchange
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