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Marlink buys partner Telemar Featured

Erik Ceuppens, CEO of Marlink Erik Ceuppens, CEO of Marlink

Marlink is to take over the business of maritime satcom provider Telemar Group, with Marlink owner Apax Partners signing a definitive agreement to acquire the company from its current shareholders.

{mprestriction ids="1,2"}The newly combined group will generate US$450 million in revenues with more than 800 employees worldwide, with Marlink claiming that it will now serve at least one third of all vessels operating globally.

Earlier this year, Apax Partners completed the acquisition of Marlink, with whom Telemar already had an existing reseller relationship for maritime satcom products.

“After more than two decades of close cooperation and successful partnership, it’s a natural next step that Telemar and Marlink are coming together,” said 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 final closing of the transaction is subject to customary regulatory approvals and is expected to take place within the next few months.

“The satellite communications industry is undergoing profound changes,“ said 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.”{/mprestriction}

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