Inmarsat Complete Globe Wireless Acquisition

MarineLink.com
Tuesday, January 07, 2014
Globe Fusion diagram: Image courtesy of Inmarsat

Inmarsat inform that the US$45-million deal to buy Globe Wireless, the Florida-based provider of value-added maritime communications services to the shipping market, has been finalised.

Inmarsat has confirmed that it has completed regulatory and other approvals in relation to its purchase of Globe Wireless, which included the business and substantially all of the assets of Globe Wireless, which in the twelve months ended June 30, 2013,  generated revenues of US$91 million and currently has an installed customer base of over 6,000 ships.

Globe Wireless’ Globe iFusion® integrates shipping operations communications: a FleetBroadband satellite system, least-cost satellite gateway, firewall, router, voice & GSM network, crew services, applications, network management with remote monitoring & management tools.

"The deal will bring an unrivalled suite of products and value-added services to Inmarsat’s existing maritime customers and offers “a highly compelling transaction for Inmarsat,” said Rupert Pearce, CEO of Inmarsat. "The integration of Globe Wireless with Inmarsat’s maritime business unit is expected to deliver improvement in profitability within the first year."


 

 

 

 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Ship as Lifeboat Concept Disputed by ICV

A recent meeting at the National Transportation Safety Board in Washington, D.C. (attended by International Cruise Victims (ICV) Board representatives) discussed

McDermott Elect G.P. Luquette Board Chairman

Provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide, McDermott International, say that Gary P.

Ill-Considered Energy Policies Threaten US Navy: Report

The United States government has pursued energy policies based on “the mistaken belief in the unproven science that claims carbon dioxide (CO2) emissions

Technology

European Launch of SMS at Counter Terror Expo

Kelvin Hughes is delighted to announce that it will be displaying its new Single Mast Solution (SMS) at Counter Terror Expo 2014 from April 29-30. This will be

Saipem: A Fleet Grows in Brazil

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems.

ESAB Releases Updated Columbus III

ESAB Welding & Cutting Products announces the release of Columbus III version 1.2, a powerful CAD/CAM programming and nesting software optimized for plasma, oxy-fuel, laser and waterjet cutting.

Communication

Boy Passenger Made Initial Distress Call from Sinking Ferry

The first distress call from a sinking South Korean ferry was made by a boy with a shaking voice, three minutes after the vessel made its fateful last turn. He

Harris Corp Awarded Huge Navy Satcom Contract

Florida-based Harris Corporation informs it has been awarded a US Navy potential US$133-Million broadband satellite communication terminal contract. Highlights:

A New Standard in Marine Communications

KVH provides and Harvey Gulf employs possibly the most sophisticated on-board SATCOM and related service package on the water. That’s no accident.     If quality service,

SatCom

Harris Corp Awarded Huge Navy Satcom Contract

Florida-based Harris Corporation informs it has been awarded a US Navy potential US$133-Million broadband satellite communication terminal contract. Highlights:

A New Standard in Marine Communications

KVH provides and Harvey Gulf employs possibly the most sophisticated on-board SATCOM and related service package on the water. That’s no accident.     If quality service,

Mergers & Acquisitions

Shippers Vapores, Hapag-Lloyd Merger

A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm's merger with Germany's Hapag-Lloyd,

USJ-IMECO Completes RAACI Acquisition

Affiliates of USJ-IMECO Holding Company, LLC, a portfolio company of J.F. Lehman & Company (JFLCO), announced the acquisition of Robichaux Automation and Control, Inc.

PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.

 
 
Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1081 sec (9 req/sec)