Electro Optic Systems

Gain a direct line to Electro Optic Systems leadership

Be first to know our latest company updates

Quarterly Reports

Webinar Recordings

INVESTOR PRESENTATIONS

ASX Announcements

Half-yearly Reports

ANNUAL REPORTS

ANNOUNCEMENTS

Annual General Meetings

Analyst Coverage

My Shareholding

Market Data

SHAREHOLDERS

SHOWCASES

HOME

INVESTOR NEWS

Fjalla One

Electro Optic Systems Investor Hub

Electro Optic Systems today announces it has entered into a binding agreement to divest its Naval Satellite Communications subsidiary, EM Solutions to Cohort plc for an implied enterprise value of $144 million.

The Proposed Transaction aligns with EOS’ transformation strategy to focus on commercialising its substantial intellectual property and growing its core product offerings in the areas of Remote Weapon Systems, High Energy Laser Weapons and Space Control. In particular, EOS sees a compelling growth opportunity in the counter-drone market for both Remote Weapon Systems and High Energy Laser Weapons. The sale of EM Solutions is expected to provide EOS with the funding flexibility to more fully pursue these growth opportunities.

EM Solutions has operated predominantly as a standalone business since being acquired in 2019 to support the SpaceLink operations which EOS has since exited. Whilst attractive, growing and profitable business, we believe its future success and growth prospects will be more fully realised under Cohort’s ownership.

As part of Cohort, EM Solutions will benefit from being more strategically aligned, and from an increased market presence in the SatCom market segment. Under ownership of the Cohort group, EM Solutions will continue to be proudly Australian based and remain committed to meeting its obligations with existing customers in Australia and overseas.

About Cohort
Cohort is a UK based, AIM listed company that supports entrepreneurial businesses grow and innovate in defence technology, products and services. It is the parent company of six businesses that provide technology-based services and products for international defence and security customers in government and industry.

EOS enters binding agreement to divest non-core naval SatCom subsidiary - EM Solutions