NextNav Inc. (NASDAQ: NN), a leader in next-generation GPS and 3D geolocation, today announced that it acquired Nestwave, SAS (“Nestwave”), a privately held global leader in low-power geolocation, for an enterprise value of $18.0 million
Based in Neuilly-sur-Seine, France, Nestwave provides advanced geolocation solutions to Internet of Things (IoT) modem and digital signal processor vendors and end IoT users. The combination of NextNav’s technology with Nestwave’s LTE/5G capabilities will allow NextNav to intelligently combine signals from existing terrestrial LTE/5G networks with its own highly synchronized TerraPoiNT system to deliver near nationwide resilient 3D position, navigation and timing (PNT) capabilities in the United States, which will contribute to dramatically lower deployment costs. The Company expects to reduce its TerraPoiNT deployment costs by approximately 75% or in excess of $250 million, along with a commensurate reduction in associated network OpEx costs, enabling it to serve the crucial markets of timing for critical infrastructure, aviation, automotive, IoT and other mass market applications sooner.
“The acquisition of Nestwave presents a unique opportunity for NextNav to optimize further the use of its existing spectrum bandwidth while contributing to a drastic decrease of our TerraPoiNT system’s future capital and operating expenditures. By leveraging Nestwave’s unique technology and ambient LTE/5G waveform, NextNav can gain significant spectral efficiency, significantly accelerate the availability of resilient PNT and release the underlying spectrum’s capacity for additional data-oriented services.”
Ganesh Pattabiraman
“NextNav’s access to the US and other international markets complements our presence in Europe and will allow the combined company to accelerate our common vision of creating the next generation of GPS. The sale of a European company to a US-quoted player is a complex process. We were flawlessly assisted by Eric Plantier and his team at Blueprint Partners. All shareholders were very satisfied by the process and the positive outcome.”
Ambrpose Popper
“The combination of NextNav’s terrestrial GNSS-equivalent with Nestwave’s 5G positioning technologies will significantly reduce the cost of precise location data for a wide breadth of potential customers. In addition, NextNav will instantly cement their presence in Europe, while Nestwave’s technologies will benefit from a wider global presence.”
Eric Plantier
