UK-based equity firm Apax Partners has entered into a definitive agreement to acquire Telemar Group to merge it with Marlink in a bid to create a major player in maritime communications, digital solutions and servicing.
Earlier this year, Apax Partners acquired Marlink and converted it to provide tailored communications solutions for both maritime and enterprise customers to help digitalise their own operations at sea and on land.
The merged entity will serve various maritime customers, including shipping, offshore, cruise and ferry, yachting and fishing.
Once combined, the new group will feature an integrated servicing offering that includes all existing maritime communication and navigation technologies and will generate $450m in revenues.
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The new group will also employ 800 people across the globe and will serve at least one in three vessels operating globally.
Marlink CEO Erik Ceuppens said: “After more than two decades of close cooperation and successful partnership, it’s a natural next step that Telemar and Marlink are coming together.
“Leveraging our two well-established brands, Marlink and Telemar will create the world’s leading maritime communications, digital solutions and servicing company.”
The new group will benefit from Marlink and Telemar’s technology expertise and service delivery commitment, coupled with a host of satellite network operators.
Furthermore, the new group will support the global maritime business to operate in a smarter and safer way, with the help of a round the clock global helpdesk, specialised competence centres, local presence on all the continents, as well as a network of 1,000 service points.
This will also enable the new group to provide new broadband communications, maritime bridge technology and service to further optimise vessel operations and enable the digital vessel of tomorrow.
Subject to customary regulatory approvals, the deal is expected to close within the next few months.
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