Inmarsat purchases leading provider of VSAT maritime communications provider Ship Equip International

Inmarsat announced it has acquired Ship Equip International, a leading provider of VSAT maritime communications services to the shipping, offshore oil and gas and fishing markets. Based in Norway, Ship Equip will operate as a separate Inmarsat subsidiary alongside Stratos Global and Segovia. The deal is however still subject to regulatory approval.

Inmarsat believes Ship Equip is ideally positioned to support the evolution of parts of the maritime market to higher speed services, such as Inmarsat's forthcoming Global Xpress™ service, planned for launch in 2013.

Commenting on the acquisition, James Parm, president and chief executive officer of Stratos said the firm is delighted to welcome Ship Equip and their management team into the Inmarsat group. Parm further commented that Ship Equip is the perfect partner for Inmarsat, bringing a large installed base of maritime VSAT customers.

With the acquisition, Inmarsat expects to be in the forefront of the transition to Global Xpress services, and a management team with extensive knowledge of VSAT operations and customers, that will help Inmarsat ensure that Global Xpress is a compelling proposition for the maritime community, said Parm.

Parm stated that the acquisition demonstrates Inmarsat’s clear determination to prepare the way for a fast and successful take-up of Ka-band services via Inmarsat Global Xpress.

Ship Equip's expertise in developing and deploying VSAT communications solutions to key sectors in the maritime market, together with its worldwide committed capacity arrangements and installed base of over 850 vessels, have made it a leader in the evolving VSAT maritime communications market.

Ivar Nesset, chief executive officer of Ship Equip, said the investment is a significant move as the firm joins forces with Inmarsat. Nesset said he is convinced the combination will be the perfect platform for reaching the next level in satellite broadband maritime services.

This transaction will enhance Ship Equip's standing as one of the largest providers of satellite broadband maritime communications solutions and provide an exciting long term service proposition for the firm’s customers, said Nesset.

Inmarsat has been at the forefront of mobile satellite services for over 31 years. We are recognized leaders in our field and we continue to introduce new technologies that redefine the standard for our industry.

As of August 2010, Boeing, the US aerospace manufacturer, has been contracted to build a pioneering new constellation of satellites - the Inmarsat-5s. They will form the backbone of Inmarsat’s planned Inmarsat Global Xpress™ network, delivering mobile broadband speeds of up to 50 megabits per second.

4th April 2011

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