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COBHAM SATCOM ANNOUNCES ACQUISITION BY SOLIX GROUP TO ACCELERATE GROWTH
Cobham Satcom announces acquisition by Solix Group to accelerate growth. Cobham Group, a leading defense, aerospace, and technology company, has signed an agreement to sell Cobham Satcom to Solix Group, a leading investment company.
Cobham Satcom is a market leader in enabling secure satellite communication in remote locations across land and sea. The company is uniquely positioned to leverage growth opportunities, particularly within the global government, defense, and maritime industries.
“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 recognised 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.”
With new, strong ownership that brings valuable experience from other investments in the maritime and government markets, Cobham Satcom expects to continue and fast-track its growth strategy in the coming years.
The transaction is subject to customary regulatory approvals and is expected to be completed within the calendar year, once these approvals have been obtained.
Track, catch and trade at sea with confidence
Commercial fishing is one of the toughest, most hazardous jobs in the world so it’s no surprise that skippers and executives in larger firms focus on the safety and welfare of their crew members just as much as catch performance and meeting catch quotas. Amidst a highly regulated and heavily monitored industry, today’s digital operations aided by Cobham Satcom’s SAILOR & Sea Tel antenna systems help trawlers, purse seiners, factory ships and countless other specialist fishing vessels make the most of their time at sea.
Cobham Satcom provides rugged antennas and maritime radio systems with and without GMDSS compatibility that enable professionals on thousands of fishing vessels globally to balance the safety, performance, and regulatory aspects of the job by providing a platform for verbal communication and uninterrupted connectivity. Their products provide the capability for teams to talk on board, conduct business online, relax when the nets are pulled in. They provide tailor-made solutions configured to integrate diverse networks for maximum availability, even when operating in high sea states in the most remote locations. Through this, they help skippers to focus on their crew, as much as their profit.
