Apax Partners acquires Telemar
Apax Partners, Marlink's owning entity, has announced that it has signed a definitive agreement for the acquisition of Telemar Group, subject to customary regulatory approvals.…
Apax Partners, the private equity investment group that completed the acquisition of Marlink earlier this year, has announced that it has signed a definitive agreement to acquire Telemar Group from its current shareholders. The acquisition of Telemar Group will see maritime communications and navigation equipment combined with Marlink’s current offer of satellite communications and digital solutions, creating a turnkey organisation for maritime communication.
“After more than two decades of close cooperation and successful partnership, it’s a natural next step that Telemar and Marlink are coming together,” says Erik Ceuppens, CEO of Marlink. “Leveraging our two well-established brands, Marlink and Telemar will create the world’s leading maritime communications, digital solutions and servicing company.”
The aim of combining the two companies is to create the world’s leading maritime communications, digital solutions and servicing specialist for all maritime segments, including the superyacht industry. It is expected that the new group will generate around $450 million in revenue and service, at least, one third of vessels globally.
The technological expertise and service delivery commitment of Marlink and Telemar, as well as established satellite network operator and bridge electronics manufacture sectors should enable the new group to provide broadband communications, maritime bridge technology and servicing to its customers globally in order to optimise vessel operations.
“The satellite communications industry is undergoing profound changes,” says Bertrand Pivin, partner at Apax Partners. “Together with our satellite network operator partners, we are en route to create the leading worldwide servicing company which will be the partner of choice to enable the digital transformation of all our maritime clients.”
The final closing of the transaction is subject to customary regulatory approvals and is expected to take place within the next few months.
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