South Korea’s Hanwha Systems has acquired the business and assets of the UK-based Phasor Solutions, the technology development arm of Arlington, US-based Phasor.
Hanwha Systems had been searching for its future growth engine and looked at possible investment opportunities in the satellite communication antenna business since last year and were attracted to Phasor’s antenna technology for Low-Earth-Orbit (LEO) satellite communications.
Hanwha plans to enter into the satellite communication antenna business, where its existing communication and radar technologies can be fully utilised, and securing proprietary technology for Low-Earth-Orbit satellite antenna, thereby strengthening Hanwha Systems’ aerospace system capabilities.
Phasor’s electronically steerable antennas (ESAs) are based on patented innovations in dynamic beam-forming technologies and system architecture.
The Phasor ESA will be capable of supporting high bandwidth data communications with Ku-band satellites in both commercial GEO and LEO orbits and will also include an integrated radome, as a single line replaceable unit (LRU).
Youn Chul Kim, CEO of Hanwha Systems, said: “Our company made a swift decision for the investment as this market has the big potential for the growth and this technology is of strategic importance for Hanwha Systems.”
In April, Phasor Systems appointed Duff & Phelps as administrators, following the collapse of a proposed sale, and the subsequent failure to meet financial obligations, largely attributed to the impact of COVID-19.
