Blueprint Partners acted as sole sell-side advisor to Nestwave’s Shareholders
Paris, France, November 2nd, 2022 – 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.