28 April 2011
Inmarsat plc has completed the acquisition of Ship Equip International A.S. ("Ship Equip") for a total consideration of USD 159.5 million.
Based in Ålesund, Norway, Ship Equip is a leading provider of VSAT maritime communications services to the shipping, offshore oil & gas and fishing markets.
As previously disclosed Ship Equip is to be acquired by Inmarsat Solutions Limited and will operate as a separate subsidiary alongside our Stratos and Segovia businesses.