Inmarsat has acquired all assets of Globe Wireless LLC, a Palm Bay, Fla.-based provider of maritime communications services to shipping customers, for $45 million.
Inmarsat will finance the transaction from available liquidity and the acquisition is scheduled to close in January 2014, pending regulatory approvals, Inmarsat said Tuesday.
Rupert Pearce, CEO of Inmarsat, said the acquisition is intended to help roll out the XpressLink and Global Xpress offerings to the maritime market.
Globe Wireless’ portfolio of services and its engineering team will be integrated into Inmarsat’s maritime business unit and installation offerings.
Frank Coles, president of Inmarsat Maritime, added Inmarsat’s channel partners will have access to Globe Wireless’ software development, sales, support and installation teams through Inmarsat’s global network.
Inmarsat also intends to deploy Globe Wireless’ services to its own maritime customer base in order to grow the company’s average revenue per user.