Backed by Apax Partners, Marlink has signed an agreement to acquire a majority stake in OmniAccess.
The existing management team of OmniAccess will remain unchanged and will continue to keep a significant shareholding in the company.
The new combined group will become the worldwide leader in maritime VSAT services, generating close to $500 mill revenues, employing about 1,000 people and operating a global infrastructure, supporting an install base of more than 4,000 VSAT vessels, Marlink claimed.
Established in 2002 and headquartered on Mallorca, OmniAccess is a provider of broadband connectivity services and solutions to high-end superyacht and boutique cruise line customers.
OmniAccess offers a complete portfolio of IT and broadband connectivity services and solutions to over 300 of the world’s largest superyachts in addition to ocean and river-cruise vessels.
With a staff of over 70 specialists, OmniAccess operates a global proprietary VSAT network with more than 24 satellite-beams in both C- and Ku-band, from six Teleport locations in Spain, Germany, Hawaii, Australia and the US.
The company provides patented BroadBeam VSAT solutions for Internet connectivity at sea with ultra-high speeds of up to 300 mbps, augmented by the iO 4G & WiMax terrestrial connectivity services. The portfolio is further enhanced by an extensive suite of Plexus integrated maritime IT networks and IPTV solutions.
While leveraging the Marlink Group capabilities, OmniAccess will remain a stand-alone company.
“We are very proud that OmniAccess is joining forces with Marlink,” said Erik Ceuppens, Marlink Group CEO (pictured). “OmniAccess is a truly unique company with in-depth understanding, expertise and capabilities to serve the sophisticated superyacht segment better than anyone else.
“Together, we extend and strengthen the Group’s global leadership position in the maritime broadband communication and IT market, with a unique position in all maritime segments.”
“We are absolutely delighted to join forces with Marlink,” said Bertrand Hartman, CEO and founder of OmniAccess. “Marlink is a very reputable and well-established player and I am convinced that the extended capabilities and scale of this great co-operation model is very beneficial to all our customers and allows us to serve them better than ever.”
The transaction remains subject to the customary regulatory approval and closing is expected in the first half of 2018.