Apax-backed Marlink and OmniAccess join forces
Backed by Apax Partners, maritime communications company Marlink has signed a definite agreement to acquire a majority stake in specialized maritime connectivity solutions provider OmniAccess.
The existing management team of OmniAccess will remain unchanged and continue to keep a significant shareholding in the company.
Marlink says the new combined group will be the worldwide leader in maritime VSAT services, generating close to $500 million revenues, employing about 1000 people and operating a global infrastructure, supporting an install base of more than 4000 VSAT vessels. Established in 2002 and headquartered in the “yachting capital of the Mediterranean,” the island of Mallorca, OmniAccess is a leading global provider of broadband connectivity services and solutions to the high-end superyacht and boutique cruise line customers. OmniAccess offers a complete portfolio of cutting-edge IT and broadband connectivity services and solutions to over 300 of the world’s largest superyachts in addition to ocean and river-cruise vessels.
With a staff of over 70 specialists, OmniAccess operates an advanced global proprietary VSAT network with more than 24 satellite-beams in both C- and Ku-band, uplinked from 6 Teleport locations in Spain, Germany, Hawaii, Australia and the USA. OmniAccess provides industry-leading nextGen BroadBeam VSAT solutions for Internet connectivity at sea with ultra-high speeds of up to 300 mbps, augmented by the nextGen iO 4G & WiMax terrestrial connectivity services. The portfolio is further enhanced by the extensive suite of Plexus advanced integrated maritime IT networks and IPTV solutions.
The transaction remains subject to customary regulatory approval and Closing is expected in the first half of 2018.
By Jake Frith
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