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Marlink buys OmniAccess

Marlink is set to extend its reach in the leisure market, following the announcement of a definitive agreement to acquire a majority stake in OmniAccess.

{mprestriction ids="1,2"}Established in 2002 and headquartered on the island of Mallorca, OmniAccess provides satcom services to superyachts and specialised cruise lines. The company counts more than 300 of the world’s largest superyachts among its customers, in addition to ocean and river-cruise vessels.

The Spanish satcom provider operates a VSAT network with approximately 24 satellite-beams in both C- and Ku-band, uplinked from six teleport locations in Spain, Germany, Hawaii, Australia and the USA, alongside 4G and WiMax terrestrial connectivity services and other networking and IPTV systems.

OmniAccess will remain a standalone company following the acquisition, but with access to the various capabilities of the Marlink Group. The existing management team of OmniAccess will remain unchanged and continue to hold a significant shareholding in the company.

The new combined group is expected to generate annual revenues of approximately $500 million, employing about 1,000 people and supporting an installed base of more than 4,000 VSAT-equipped vessels.

“We are very proud that OmniAccess is joining forces with Marlink,” said Erik Ceuppens, CEO of Marlink Group.

“OmniAccess is a truly unique company with in-depth understanding, expertise and capabilities to serve the sophisticated superyacht segment better than anyone else. Together, we extend and strengthen the group’s global leadership position in the maritime broadband communication and IT market, with a unique position in all maritime segments.”

The transaction remains subject to customary regulatory approval and is expected to close in the first half of 2018.{/mprestriction}

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