Eurazeo-backed Orolia acquires Skydel Solutions
Orolia SA has acquired Skydel Solutions, a Montréal-based provider of GNSS simulation and test solutions to scientists and engineers who develop navigation systems. No financial terms were disclosed. Skydel, founded in 2014 by CEO Stéphane Hamel, CTO Iurie Ilie and CDO Serge Malo, will remain located in Montréal as Orolia Canada. Orolia, a Valbonne, France-based provider of positioning, navigation and timing solutions, said the acquisition increases its capabilities and gives it a presence in Canada. French private equity firm Eurazeo acquired Orolia in 2016.
27 March 2019•3 mins read
