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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Jack W. Fisher Passes Away at 73

Jack W Fisher, president of JW Fishers Mfg. passed away at home after a brief illness on February 20, 2015. He was 73 years old.   The JW Fishers business was started because Fisher,

Piracy Still a Big Threat in the Indian Ocean

Underestimating the security risk in the Indian Ocean could put ships in danger once again, says maritime security company MAST Ltd.   “Whilst recent reports

St. Lawrence Seaway Opening Date Pushed Back

Tthe opening date for the St. Lawrence Seaway 2015 navigation season has been delayed following review and consideration of factors and conditions affecting safe

Finance

Global LNG-Asia Prices Creep Higher on Japanese Demand

Asian spot liquefied natural gas prices edged higher as scattered demand from Japanese buyers and others helped stem the recent decline in prices, traders said on Friday.

Drop in Cocoa Bean Size Worries Ivorian Exporters

Dry weather in top cocoa grower Ivory Coast has caused a sharp drop in bean size and will delay the start of the April-to-September mid-crop by nearly two months,

Wärtsilä, CME Offer ‘Scrubber Finance’

Funding concept promotes installation of scrubber systems by offering financing to shipowners, with returns taken from fuel price spread   In a move intended

Communication

Holland America Line Heads NOAA's List of Weather Observations

Holland America Line topped the list in 2014 for the World’s Leading Weather Observing Cruise Ship Companies who submitted weather information to the National

Danelec Marine Unveils eSERVICEConnect Initiative

Danelec Marine launched its new eSERVICEConnect initiative today in a move to automate and streamline shipboard service for its products worldwide. Danelec’s eSERVICEConnect is an Internet,

GOST to Unveil New Products at MSE Conference

GOST (Global Ocean Security Technologies),announced today that it will highlight its newest commercial maritime products at the 2015 Maritime Security East conference in Jacksonville,

SatCom

Alphatron Marine VSAT Systems for 11 Workboats

Alphatron Marine has signed a lease contract with Seacontractors for no less than 11 vessels to provide satellite hardware and data solution packages.   Alphatron

Royal Navy Data Provide Insights for Arctic Science

The researchers at the National Oceanography Centre (NOC) have investigated the nature of turbulence in the ocean beneath the Arctic sea-ice using recently released

Ice Coverage on Great Lakes 89 pct: NOAA

Ice coverage on the Great Lakes is nearing 90 percent, reveals high resolution satellites images from National Oceanic and Atmospheric Administration (NOAA).   The entire Great Lakes is at 88.

Mergers & Acquisitions

Royal IHC Merges Four Units into IHC IQIP

Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization,

Caterpillar to Stay in Peoria

After a multiyear study focused on modernizing its global headquarters, Caterpillar Inc. today reaffirmed it will remain in Peoria, Illinois, and revealed a

Wärtsilä, Clean Marine Energy Offer "Scrubber Finance"

Wärtsilä and Clean Marine Energy (Europe) Ltd (CME) today announced the landmark signing of the shipping industry's first collaboration agreement that will provide

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage 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: 0.2283 sec (4 req/sec)