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

Costa Concordia: Operations to Tow the Wreck Begin

Maneouvres began early on Wednesday to remove the rusty hulk of the Costa Concordia cruise liner from the Italian island where it struck rocks and capsized two years ago, killing 32 people.

Thai Resort Owners Sue State Owned Company for Oil Spill

Business owners on Koh Samet island are suing a state-owned petroleum enterprise for the oil spill that polluted the resort island's beaches last year. More than 50,

Bahrain US$35-M Land Reclamation Contract for GLDD

Provider of dredging services in the United States and a major provider of environmental & remediation services, Great Lakes Dredge & Dock Corporation (GLDD) says

Finance

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report.

Box Ships Inc. Repays Commerzbank Loan

Greece-based Box Ships Inc. says it has repayed in full the outstanding amount under its loan agreement with Commerzbank AG dated July 29, 2011.  The outstanding amount of the loan,

Aker Philadelphia Shipyard ASA : Purchase of own shares

Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.

Communication

General Dynamics Launches Morgan County NextGen-911

General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio.

Matson to Release Q2 2014 Financial Results

Leading U.S. carrier in the Pacific, Matson, Inc., informs it will release its financial results for the Second Quarter 2014 on Thursday, July 31, 2014. President

Jeff Lantz to Address Upcoming Interferry Annual Conference

The conference organizers inform that In a further response to the sinking of the South Korean ferry 'Sewol' in April, safety issues will be centre stage at Interferry’s 39th annual conference,

Mergers & Acquisitions

Sembawang Shipyard to Convert 2 FPSOs for Kaombo Project, Angola

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA,

ICBC Financial Leasing Purchase 2 CIMC Raffles Drilling Rigs

ICBC Financial Leasing Company Limited signed a leasing project with Schahin of two ultra-deepwater drilling rigs during China-Brazil Business Council-Annual Meeting 2014 on 17th July 2014.

Wärtsilä and CSSC in 2-stroke engine JV

Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture, which will take over Wärtsilä’s 2-stroke engine business.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.1375 sec (7 req/sec)