Marlink Group has completed its acquisition of ITC Global from Panasonic to expand its position providing satellite communications to the offshore and passenger shipping sectors
This transaction closed on 30 April, strengthening Marlink’s leadership providing business-critical smart network and digital enablement solutions for customers operating in remote areas. The purchase of ITC Global was backed by Marlink’s private equity owners Apax Partners, as part of its mergers and acquisitions strategy.
ITC Global has further extended Marlink’s global footprint with its strong presence in the US, the UK and Australia.
“ITC Global is an important cornerstone of the Marlink Group and it is an essential part of the business as we expand our global leadership position in the energy and mining sectors,” said Marlink chief executive Erik Ceuppens. “Importantly, we are also enhancing the group’s capabilities, building a unique portfolio of innovative and fully managed smart network solutions that is driving the digital transformation of our customers’ remote operations.”
This transaction completion follows approvals by both the Federal Communications Commission and the Committee on Foreign Investment in the United States in mid-April.
“Our timing is perfect,” ITC Global chief executive Ian Dawkins. “The global economy is picking up fast, which means our customers’ businesses are progressing rapidly.
“They need the very best communications for their remote operations, both to run the business and for their people,” Mr Dawkins added.
“As part of the Marlink Group, we are leading the development of the technology and services that are already transforming what businesses can do when further digitalising their operations.”
Following this acquisition, Marlink said it would “continue its selective and successful mergers and acquisitions strategy to further develop and expand its growth potential” with the support of its investors.
Smart communications in maritime and offshore sectors will be discussed during Riviera Maritime Media’s series of virtual webinars, forums, conferences and technology days in 2021 - use this link for more details and to register on the events page