$ 10 mi Infusion to Fuel Growth of Satcom Global, AND Group
Broadband Satellite Services Ltd (BSS), parent company of satellite communications provider Satcom Global and marine engineering firm AND Group, has received a $10m investment from UK based organisation, Business Growth Fund (BGF). This significant investment will allow BSS to accelerate its long-term growth strategy, enabling expansion and development within the Mobile Satellite Services market, further strengthening Satcom Global’s position as a top tier distributor of services to maritime, offshore, aeronautical, media and aid customers across the globe. Ian Robinson, CEO of BSS said: “At Satcom Global and AND Group we take pride in being one of the most innovative and customer oriented players in the Mobile Satellite Services sector.
Broadband Satellite Services Acquires Two Businesses
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…
Stratos to Acquire Xantic
Stratos Global Corporation signed a letter of intent to purchase the shares of Xantic B.V. This transaction, involving two of the largest providers of mobile satellite services, will create a leading provider of advanced remote communications solutions, with a significantly expanded geographic presence and customer base in the Americas, Europe and the Asia-Pacific region. Under the terms of the agreement, Stratos will acquire 100 percent of Xantic, jointly owned by KPN N.V. (65 percent) and Telstra Corporation Ltd. (35 percent), for a purchase price of approximately $191 million. The purchase price is subject to adjustment based upon audited EBITDA (defined as operating income before interest expense…
