Broadband Satellite Services Acquires Two Businesses

MarineLink.com
Monday, October 14, 2013

Broadband Satellite Services Limited (BSS), an investment company based in the North East of England, has completed the acquisition of AND Group & the Satcom Global group of companies.

Focused on the satellite communication and telecommunication markets, BSS acquired the two businesses as part of its growth strategy, to expand into all of the key vertical markets within the mobile satellite services sector. The merged group has a geographical footprint covering all of the core markets and revenues of over $100 million.

"Combining the network assets of AND Group and Satcom Global fits perfectly within our strategic framework of strengthening our end-to-end solutions capabilities in key areas, and providing the best possible customer experience,”" said Ian Robinson, Chief Executive Officer for the group.

He continued: "Building on our existing technology platforms and extending our global reach will provide new opportunities for growth, innovation and expansion. Our customers will benefit from improved levels of service and reliability, as well as the expansion of our global data communication network, customer support and dedicated engineering resources. We are focused on creating innovative and differentiated services which present compelling value propositions to our customers, and deliver the opportunity to develop new revenue streams. The enlarged size of the group will also allow us to drive scale benefits and create a highly competitive cost structure.’’"

The transactions were supported by Faunus Group International and FW Capital, and provide the group with a flexible working capital facility of $12 million at closing.

About Broadband Satellite Services
Broadband Satellite Services Limited (BSS) is an investment company, wholly owned by Ian Robinson (Group CEO) and Robert Howes (Group CFO). Currently BSS owns and operates companies in 5 continents, focused on the provision of satellite communication and telecommunications solutions to customers in areas where other communications networks are unreliable or non-existent.



 

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

People & Company News

Hornbeck Offshore Ride High on Q2 2014 Results

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts

BAE Systems Awarded Two Navy Contract Modifications

The US Department of Defense informs it has awarded separate contracts to BAE Systems in Jacksonville and in Norfolk for ship repairs and modifications as follows: 1.

DW to Present at Upcoming Floating LNG 2014, Houston

Douglas-Westwood (DW) says that its manager in Houston, Andrew B. Meyers will be joining the speakers on the platform at the upcoming 27th-30th October 2014 'Floating

Finance

Hornbeck Offshore Ride High on Q2 2014 Results

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts

BAE Systems Awarded Two Navy Contract Modifications

The US Department of Defense informs it has awarded separate contracts to BAE Systems in Jacksonville and in Norfolk for ship repairs and modifications as follows: 1.

Exxon Mobil Corporation Declares 3Q Dividend

The Board of Directors of Exxon Mobil Corporation yesterday declared a cash dividend of 69 cents per share on the Common Stock, payable on September 10, 2014 to

Communication

VSAT Connectivity by Globecomm for Malaysia's PBJV Group

Globecomm Maritime, a leading provider of maritime communications solutions, has been awarded a contract to provide VSAT connectivity to PBJV Group's barge Kota Laksamana 101.

New AVEVA ISM Bridges the Gap

AVEVA launches a new application for governing asset information using a standards-based methodology. AVEVA announced the launch of AVEVA Information Standards Manager (AVEVA ISM),

NYK Line Hosts Fleet Safety Conference

NYK says it has hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture.

SatCom

Globecomm to Provide VSAT for PBJV Barge

Purpose-built accommodation and pipe-lay barge on charter to Petronas equipped with VSAT and L-Band services. Globecomm Maritime has been awarded a contract

LiveCom Selects iDirect Evolution to Enable Global Expansion

iDirect Asia Pte Ltd today announced that LiveCom Limited (“LiveCom”), a Hong Kong based ISP, has selected Evolution as the platform to help enterprise and government

MTN Lands Cruise Line SatCom Contracts

MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services.

Mergers & Acquisitions

Rio Tinto Pulls Plug on Mozambique Coal Venture

Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending

Rohr Dredge Continues European Expansion

Rohr International Dredge Holdings, Inc. announced that it acquired Eurl Rohr France, including its current backlog, inventory and all associated intellectual property (IPR), on July 23, 2014.

Total Sells ts Coal Mining Assets to Exxaro

Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1306 sec (8 req/sec)