Summa Defence Acquires Lightspace Group, Inc
December 3, 2024
Finnish defence technology group Summa Defence Ltd has acquired Lightspace Group, Inc in a share-exchange transaction. Lightspace is a deep-technology XR company (AR/VR) that develops multi‑focal near‑eye displays and AR headsets for defense and healthcare; the company conducts product development and manufacturing in Latvia and reported ~EUR 400k revenue and ~25 employees in 2023.
- Buyers
- Summa Defence Ltd
- Targets
- Lightspace Group, Inc (operating as Lightspace Technologies / SIA Lightspace Technologies)
- Sellers
- All current shareholders
- Industry
- Aerospace & Defense
- Location
- United States
- Transaction Type
- Buyout
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