Inmarsat Accepts USD 3.4 Billion Takover Offer

Inmarsat takeoverIllustration; Image Courtesy: Pxhere

Global satellite communications provider Inmarsat has accepted a USD 3.4 billion takeover offer from a consortium led by Apax Partners.

The supplier of communication services to the shipping industry is to be acquired by the newly-formed Triton Bidco consortium, which is composed of private equity investment group Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan Board.

The acquisition is expected to become effective during the fourth quarter of 2019, pending relevant competition authority clearances.

“As experienced and long-term investors in telecommunications, the consortium values and admires Inmarsat for its proven expertise in maritime, aviation, defence and broadband satellite communications, alongside its strong market positions and potential for growth,” consortium principals said commenting on the acquisition.

“Following completion of the transaction, we intend to maintain Inmarsat’s UK headquarters, and to work with its highly skilled workforce to realize the company’s full potential.”

Triton Bidco noted it would ensure that Inmarsat complies in full with the obligations under the Public Services Agreement with International Mobile Satellite Organization in respect of the provision of the Global Maritime Distress and Safety System.

Share this article

Follow World Maritime News

In Depth>


<< Oct 2019 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >