Global Invacom Group Limited (“Global Invacom” or “the Group”), a satellite communications (“Sat Comms”) equipment provider listed on the Singapore Exchange and the U.K. AIM Market, has strengthened its international business footprint through the launch of an office in Japan.
Incorporated with a paid up capital of 10 million JPY, approximately US$90,000 as Global Invacom Japan Kabushiki Kaihsa (“Global Invacom Japan”), the wholly owned subsidiary will be a key driver of business opportunities in Asia and Australasia.
Global Invacom Japan will provide market support, customer service and other consulting services related to corporate brand development for the Group’s Malaysian operation to support revenue from new territories. Initially the company has employed Mr Koji Shindo, an experienced Regional Marketing & Development Manager and former Sharp employee who possesses a wealth of product and customer knowledge to provide this support.
Mr Tony Taylor, Executive Chairman of Global Invacom, said, “The expansion to Japan is a strategic move to complement our existing global footprint. We expect the launch of Global Invacom Japan to strengthen our sales of Sat Comm products in the important developing Asian and Australasian markets.”
The Group concurrently announced the rebranding of its U.K. subsidiary The Waveguide Solution Limited. The rebranding includes a new trading name of Global Invacom Waveguide, a new logo and a revamped website, and has been carried out to align the business identity with Global Invacom’s wider brand and provide consistency across all areas of the Group.
Global Invacom Waveguide is an industry leader with over 75 years’ experience in the design and manufacture of flexible and rigid waveguide, providing a comprehensive technical solution for the defence, medical and communication markets. Global Invacom acquired the business in 2012.
“The rebranding is an essential step in integrating our subsidiaries into the larger group, and underscores our status as a cohesive entity that provides holistic solutions for all our customers’ satellite ground equipment needs,” Mr Taylor added.
The transaction is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Global Invacom for the current financial year.