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Acquisition combines AND Group and Satcom Global

Broadband Satellite Services Limited (BSS), an investment company based in the North East of England, has announced that it has completed the acquisition of AND Group and the Satcom Global.

Focused on the satellite communication and telecommunication markets, BSS says that it 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 newly merged group has a geographical footprint covering core markets across the globe and reported revenues of over $100 million. Both constituent companies will remain trading as AND Group and Satcom Global respectively whilst various integration projects are taking place.

"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 and former CEO of AND Group.

"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."

BSS is wholly owned by Ian Robinson and Robert Howes, BSS CFO and also formerly of AND Group. Currently BSS says that it owns and operates companies in five continents, focused on the provision of satellite communication and telecommunications solutions to customers in areas where other communications networks are unreliable or non-existent.

The Group says that it is strategically targeted at pursing growth in the satellite communications sector through acquisition, and is focused on identifying and pursuing high growth communications opportunities within the satellite communications market.

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

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