Providence’s investment aims to accelerate Marlink’s growth strategy to meet increasing customer demand for satellite connectivity with a focus on digital solutions and services

London and Paris, 01 July 2022. Marlink Group today begins a new phase of its development, with the completion of the acquisition of a majority shareholding by Providence Equity Partners (“Providence”) from Apax Partners SAS (“Apax”).

Under the agreement terms, Apax will retain a significant minority shareholding in Marlink, and the current management team and Ardian have also committed to minority interests.

Headquartered in Paris and Oslo, Marlink is a world-leading provider of business-critical smart networks and digital solutions, empowering remote operations for a wide range of maritime, enterprise, energy, humanitarian and government customers around the world.

Driven by its smart network strategy and deep customer relationships, Marlink has delivered strong organic growth across its carefully selected business segments and is well positioned to be a key actor in a dynamic satellite communications industry.

Source: Hellenic Shipping News