AmericasTech

Marlink and Telemar join forces, will service a third of the merchant fleet

Apax Partners has signed a definitive agreement to acquire Telemar Group from its current shareholders.

The combined activities of Telemar and Marlink will create one of the world’s largest maritime communications firms.

The newly combined group will generate $450m in revenues with more than 800 employees worldwide serving at least 1 in 3 vessels operating globally, a press release claimed.

Earlier this year, Apax Partners completed the acquisition of Marlink.

“The satellite communications industry is undergoing profound changes,” said Bertrand Pivin, a 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.”

The final closing of the transaction is subject to regulatory approvals and is expected to take place within the next few months.

 

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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