Apax Partners creates a new maritime group to service customers with integrated offering of broadband communications, digital solutions, bridge electronics and on-board maintenance
Oslo/Paris/Rome, 1 August 2016 – Apax Partners has signed a definitive agreement to acquire Telemar Group from its current shareholders.
The combined activities of Telemar and Marlink will create the world’s leading maritime communications, digital solutions and servicing specialist for all customer segments at sea including: Shipping, Offshore, Cruise & Ferry, Yachting and Fishing. Marlink and Telemar customers will benefit from an unmatched integrated servicing offering, covering all existing maritime communication and navigation technologies. The newly combined group will generate US $450 Million in revenues with more than 800 employees worldwide serving at least 1 in 3 vessels operating globally.
The new group will be positioned to deliver unrivalled service excellence and support for maritime customers through an enhanced global footprint and worldwide sales and service locations. With a global 24/7 helpdesk, specialised competence centres, local presence on all continents and a network of 1000 service points staffed by highly qualified, certified service engineers, the group will support the global maritime business to operate smarter and safer.
Earlier this year, Apax Partners completed the acquisition of Marlink, transforming it into a provider of tailored communications solutions that enable both maritime and enterprise customers to digitalise their own operations at sea and on land. The technology expertise and service delivery commitment of Marlink and Telemar, combined with established and strong satellite network operator and bridge electronics manufacturer relationships, enables the new group to bring the power of broadband communications, maritime bridge technology and service excellence to its customers globally to further optimise vessel operations and enable the digital vessel of tomorrow.