Marlink expands global satcom services with ITC Global acquisition
Satcom service provider, Marlink, is expanding its network with the acquisition of ITC Global from Panasonic. In a statement, Marlink said that the acquisition will support its expansion in the energy, enterprise and maritime passenger markets whilst also strengthening its commercial operations in the United States, UK and Australia.
“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,” according to the statement.
The deal, supported by Apax Partners France, part of the European private equity group, is subject to the usual regulatory approvals and is expected to close by the end of March.