Marlink Group Enters
Into A Definitive Agreement To Acquire ITC
Global
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.