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Inmarsat Closes $45M Buy of Globe Wireless; Frank Coles Comments

acquisitionInmarsat Plc has completed its $45 million acquisition of Globe Wireless LLC, a provider of shipping communications services.

Inmarsat worked to comply with regulatory approvals and other conditions in order to close the transaction, the company said Friday.

The mobile satellite communications provider acquires the business and all assets of the Florida-based company.

Globe Wireless generated $91 million in revenues for its fiscal year ended June 30, 2013, Inmarsat says.

Frank Coles,  Inmarsat Maritime president, said when the deal was first announced that Inmarsat would make Globe Wireless’ ‘touch the ship’ support and installation capabilities “immediately available to our  channel partners via our global network and wholesale support environment.”

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