Marlink Group closes the transaction on ITC Global
ITC Global joins the Marlink Group, strengthening its leading position as provider of smart network solutions on land and at sea
Oslo/Paris/Houston TX, 03 May 2021: On Friday April 30, Marlink Group, the leading provider of smart network solutions, closed the transaction of acquiring ITC Global, strengthening its position as the global leader in business-critical smart network and digital enablement solutions for customer’s
The acquisition, backed by Apax Partners sas, marks another milestone in the company’s M&A strategy. Within the Marlink Group, ITC Global will focus on Energy and high-end customers who need specific and complex managed network solutions. ITC Global is also further extending the Group’s global footprint with its strong presence in the US, the UK and Australia.
Erik Ceuppens, CEO of the Marlink Group, said, “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. 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.”
Ian Dawkins, CEO of ITC Global, said, “Our timing is perfect. 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. As part of the Marlink Group, we’re leading the development of the technology and services that are already transforming what businesses can do when further digitalising their operations.”
The Marlink Group, now with ITC Global as an integral part, has very strong momentum in all its businesses and has repeatedly outperformed the market both commercially and financially. With the support of its investors, Marlink Group will continue to pursue its selective and successful M&A strategy to further develop and expand its growth potential.
For further information, please contact:
Knut Natvig, Marlink
T: +47 48 030 911
T: +44 7958 975 667
Marlink is the trusted partner in fully managed Smart Network Solutions, based on an intelligent hybrid network and unrivalled digital solutions, connecting people and assets around the globe and across all markets where conventional connectivity cannot reach or is not available. Its Intelligent Hybrid Network combines global satcom and terrestrial technologies via a proprietary global infrastructure.
The Marlink Smart Edge, an integrated service delivery platform, orchestrates and optimises all network elements and applications, from data handling and IT to application-based routing (SD Wan), cloud and Digital Solutions, including remote data and IT, cyber security as well as IoT/OT solutions.
This provides customers with full ‘Peace of Mind’ that their chosen network solution is fully optimised, integrated and has the security required to operate more profitably and sustainably, increasing their efficiency and safety through operational optimisation, tracking and routing, monitoring and reporting.
About Apax Partners
Apax Partners is a leading European private equity firm based in Paris. With more than 45 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €4.4 billion. These funds invest in fast-growing, middle-market companies across four sectors of specialisation: Tech & Telecom, Consumer, Healthcare and Services
Paris-headquartered Apax Partners SAS (www.apax.fr), and London-headquartered Apax Partners LLP (www.apax.com), have a shared history but are separate, independent private equity firms.
About ITC Global
ITC Global offers global-scale presence and local on-site support. We engineer every ITC Global solution to fit the specific requirements of each customer. We build our solutions with best-in-class components, proven engineering, and the availability of unparalleled network capacity. We bring carrier-grade telecommunications and networking technologies to developing markets and remote and harsh locations. Our vision and mission are simple. Build the world’s best satellite communications provider by offering the best technical solutions, backed by the best customer service in the industry.