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$10m investment for BSS in the UK

Ian Robinson, CEO of BSS Ian Robinson, CEO of BSS

Broadband Satellite Services Ltd (BSS), parent company of Satcom Global and AND Group, has received a $10 million investment from UK-based organisation, Business Growth Fund (BGF).

{mprestriction ids="1,2"}BGF is a provider of growth capital to small and mid-sized businesses, which typically makes initial investments of between £2 million and £10 million in growing companies. The Fund is an independent company with capital of up to £2.5 billion and is backed by five of the UK’s main banking groups - Barclays, HSBC, Lloyds, RBS and Standard Chartered.

This investment in BSS will be used to accelerate the satcom provider’s long-term growth strategy, enabling for expansion and development within the Mobile Satellite Services market supplying maritime, offshore, aeronautical, media and aid customers across the globe.

“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,” said Ian Robinson, CEO of BSS.

“This investment will enable us to continue with this focus as we strengthen our world-class service offering to maintain our market leading position. BGF’s investment enables us to make the next step in fulfilling the long-term growth strategy of BSS, allowing us to address additional growth opportunities and partnerships across key geographies and specific market segments.”

“We are very excited to be working with BGF and look forward to ongoing collaboration as we continue to grow the business.”

The Group was formed in 2012 following the management buyout of AND Group, led by CEO Ian Robinson and CFO Bob Howes, and the subsequent acquisition of the Satcom Group.

Employing approximately 200 people globally, the Group is headquartered in Newcastle in the UK, with offices in Singapore, Bangkok, Tokyo, Phoenix, Brisbane, Perth, Athens and Moscow.

“BSS has a strong position in a growing market. Ian has successfully brought together AND Group and Satcom Global and created a team with extensive technical and market knowledge valued by satellite network providers and customers alike, securing a strong industry reputation for the Group,” said Matt Widdall, senior investment manager at BGF.

“We are delighted to be working with Ian and his team as they look to further expand and strengthen the business.”{/mprestriction}

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