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Denmark-based maritime communications technology player Cobham Satcom has been acquired by Scandinavian mid-market investment firm Solix for an undisclosed sum.
The company, with a long history of providing satellite antenna and radio communication systems for the shipping sector, said the new ownership should continue and fast-track its growth strategy in the maritime and government markets in the future.
“This transaction will enable us to accelerate our strategy and continue to develop and deliver best-in-class connectivity and safety solutions to our global customer segments,” said Christophe Duret, CEO of Cobham Satcom. “Our capabilities and technology leadership within the maritime industry have been well established and recognized since the 1950s. In recent years, we have also demonstrated our ability to apply these competencies to develop new, critical market-leading satcom solutions for government and defense customers.”
The change of ownership should be completed within the calendar year, once these approvals have been obtained.
The post Cobham Satcom gets new owners appeared first on Energy News Beat.
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