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MARLINK GROUP MOVES TO ACQUIRE ITC GLOBAL

MARLINK GROUP MOVES TO ACQUIRE ITC GLOBAL

Wednesday, January 13, 2021 

Satcoms provider Marlink Group, backed by Apax Partners (France), has signed a definitive agreement to acquire 100% of ITC Global, another provider of satellite communications solutions, from its current parent Panasonic.

According to Marlink, upon completion of the acquisition, ITC Global will become a cornerstone of the Marlink Group, supporting the expansion of Marlink's global leadership.

ITC Global brings expertise in managed, high-value, high-performance satellite network solutions to the expanding 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 demanding 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.

Customers will benefit from the combined Group's enhanced capabilities and strength as a sustainable leading provider for 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. The transaction is subject to customary regulatory approvals.

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