Marlink Group, backed by Apax Partners (France), has signed a definitive settlement to accumulate 100% of ITC Global, the main supplier of satellite tv for pc communications options, from Panasonic. Upon completion of the acquisition, ITC Global will change into a cornerstone of the Marlink Group, supporting the growth of Marlink’s world management within the power and enterprise markets.
ITC Global brings an unparalleled experience in managed, high-value, high-performance satellite tv for pc community options to the fast-growing Marlink Group. The firm’s sturdy popularity within the Energy, Enterprise and Maritime Passenger markets will allow the Group to additional broaden its management place in these extremely demanding market segments. In addition, the Marlink Group will leverage the complementarity of ITC Global to diversify and strengthen its business operations within the US, UK and Australia additional geographically.
Most importantly, their respective prospects will profit vastly from the mixed Group’s enhanced capabilities and power as a sustainable main supplier for his or her business-critical distant connectivity options. The acquisition will present the Marlink Group with synergistic platforms to supply best-in-class managed satcoms providers and additional develop its industry-leading Smart Network Solutions for its prospects.
The closing of the transaction is topic to customary regulatory approvals and is anticipated within the first quarter of 2021.
Marlink S.A. based mostly in Brussels, Belgium, supplies maritime satellite tv for pc communications providers. The Company presents voice and knowledge options, broadband connections, emailing, value management, networking, calls from shore, and buyer assist.
(Source and picture: Marlink)
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