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December 29, 2020

Kymeta

Redmond-based Kymeta announced that Hanwha Systems, a global solutions company that provides differentiated smart technologies in defense electronics and information infrastructure, has signed an agreement to invest $30 million to back the development of Kymeta's global mobile satellite-cellular connectivity solutions. The investment is anticipated to further Kymeta's global market reach, accelerate production of Kymeta products, and improve the overall growth trajectory of the company. Upon regulatory approvals, Hanwha, headquartered in South Korea, will also receive a seat on the Kymeta Board of Directors. PJT Partners served as financial advisor and placement agent to Kymeta.




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