14th November 2013
North Shields, Tyne & Wear, UK, 14.10.13 – Broadband Satellite Services Limited (BSS), an investment company based in the North East of England, announced today it had completed the acquisition of AND Group and the Satcom Global group of companies. Focused on the satellite communication and telecommunication markets, BSS acquired the two businesses as part of its growth strategy, to expand into all of the key vertical markets within the mobile satellite services sector. The merged group has a geographical footprint covering all of the core markets and revenues of over $100 million.
“Combining the network assets of AND Group and Satcom Global fits perfectly within our strategic framework of strengthening our end-to-end solutions capabilities in key areas, and providing the best possible customer experience,” said Ian Robinson, Chief Executive Officer for the group.
“Building on our existing technology platforms and extending our global reach will provide new opportunities for growth, innovation and expansion. Our customers will benefit from improved levels of service and reliability, as well as the expansion of our global data communication network, customer support and dedicated engineering resources. We are focused on creating innovative and differentiated services which present compelling value propositions to our customers, and deliver the opportunity to develop new revenue streams. The enlarged size of the group will also allow us to drive scale benefits and create a highly competitive cost structure.’’
The transactions were supported by Faunus Group International and FW Capital, and provide the group with a flexible working capital facility of $12 million at closing.
About Broadband Satellite Services
Broadband Satellite Services Limited (BSS) is an investment company, wholly owned by Ian Robinson (Group CEO) and Robert Howes (Group CFO). Currently BSS owns and operates companies in 5 continents, focused on the provision of satellite communication and telecommunications solutions to customers in areas where other communications networks are unreliable or non-existent.
BSS is strategically targeted at pursing growth in the satellite communications sector through acquisition, continuing to expand its current position as a leading provider of global mobile satellite communications. BSS is focused on identifying and pursuing high growth communications opportunities within the satellite communications market, by identifying market needs and demands, applying sound investment strategies, progressive management thinking and operational excellence.
Ian Robinson and Robert Howes have extensive experience in acquisition and merger and have successfully headed the management team of AND Group for the last 9 years.
www.broadband-satellite-services.com
About AND Group
Founded in 1974 in North Shields, AND Group is an internationally recognised provider of communication and engineering services to the marine and offshore sectors. AND Group technologies specialists provide advice on satellite airtime and hardware solutions. Unique value added service platforms maximise the performance of satellite connections and exercise real time control over costs.
www.and-group.net
About Satcom Global
Established in 2001, Satcom Global is one of the world’s largest mobile satellite communications providers. With offices in the UK, USA, Asia and Australia and through progressive investments in infrastructure and technical resources, Satcom Global provides reliable satellite communications solutions for voice and data specific applications.
www.satcomglobal.com
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