Report: Inmarsat Buyers Pledge to Keep Satcom Company’s UK Operations

A consortium of private equity firms and Canada-based pension funds seeking to acquire Inmarsat agreed to a number of legally binding commitments with the U.K. government to maintain the satellite communications firm’s operations in the U.K., Reuters reported Thursday.

The Connect consortium, which includes Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board, said it agreed to ensure that strategic decisions for Inmarsat are carried out in the U.K. and network operations centers and engineering expertise will remain in the country.

Inmarsat shareholders approved a $3.4B takeover bid from Connect in May two months after receiving the offer from the consortium.

Check Also

Michael Kratsios Acting Undersecretary DoD

Michael Kratsios Appointed Acting DoD Undersecretary for Research, Engineering

Michael Kratsios, U.S. chief technology officer and a 2020 Wash100 Award winner, has been named acting undersecretary of research and engineering at the Department of Defense.

Paul Strasser CEO Brillient

Brillient Wins $112M BPA to Modernize USDA FPAC Records Mgmt System; Paul Strasser Quoted

Brillient has secured a single-award, $112 million blanket purchase agreement from the Department of Agriculture, the company announced Monday. "We are extremely pleased to bring our strong digital transformation and agile development capabilities coupled with our expertise in electronic records management to assist the USDA in this important mission area,” said Paul Strasser, CEO of Brillient.