Marlink Group Enters Into a Definitive Agreement to Acquire ITC Global
Oslo/Paris/Houston TX, 13 January 2021: Marlink Group, backed by Apax Partners (France), has signed a definitive agreement to acquire 100% of ITC Global, the leading provider of satellite communications solutions, from Panasonic. Upon completion of the acquisition, ITC Global will become a cornerstone of the Marlink Group, supporting the expansion of Marlink’s global leadership in the energy and enterprise markets.
ITC Global brings an unparalleled expertise in managed, high-value, high-performance satellite network solutions to the fast-growing Marlink Group. The company’s strong reputation in the Energy, Enterprise and Maritime Passenger markets will enable the Group to further expand its leadership position in these highly demanding market segments. In addition, the Marlink Group will leverage the complementarity of ITC Global to diversify and strengthen its commercial operations in the US, UK and Australia further geographically.
Most importantly, their respective customers will benefit greatly from the combined Group’s enhanced capabilities and strength as a sustainable leading provider for their business-critical remote connectivity solutions. The acquisition will provide the Marlink Group with synergistic platforms to offer best-in-class managed satcoms services and further develop its industry-leading Smart Network Solutions for its customers.
The closing of the transaction is subject to customary regulatory approvals and is expected in the first quarter of 2021.
For further information, please contact:
Knut Natvig, Marlink
T: +47 48 030 911
T: +1 949 672 8866
T: + 1 949 573 6833
Marlink is the trusted partner in fully managed smart network solutions, based on an intelligent hybrid network and unrivalled digital solutions.
The company provides Smart Network Solutions, connecting people and assets around the globe and across all markets where conventional connectivity cannot reach or is not available. Marlink’s 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.
Marlink’s Smart Network Solutions are provided as Managed Services meeting the highest quality standards and service level agreements. The company proactively monitors and supports network solutions, providing alerts, reporting and insights on performance and usage of connectivity, bridge electronics systems and applications as well as advice and consultancy on how to further optimise customer networks.
Please visit www.marlink.com for more information.
About Apax Partners
Apax Partners is a leading European private equity firm based in Paris. With over 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 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.