Apax Partners has signed a definitive agreement to acquire the Telemar Group which will see Marlink and Telemar join forces to create one of the world’s largest maritime communications experts.
The new group will cater for all segments at sea including shipping, offshore, cruise and ferry, yachting and fishing.
“It [The acquisition] represents a new step that revolutionises the usual approach to the market and will create a group able to provide the whole spectrum of network solutions, equipment and services for all electronic navigation and maritime communications,” said Bruno Musella, CEO of Telemar.
The newly combined group will generate US$450m in revenue with at least 1 in 3 vessels in operation globally kitted out with the company’s equipment.
Apax Partners completed the acquisition of Marlink earlier this year.
The transaction is subject to customary regulatory approvals which is expected to take place within the next few months.
By Anne-Marie Causer
