Inmarsat acquires specialist service provider to Ship Equip for US$9m

Inmarsat has announced the acquisition of 100% of the share capital of NewWave Broadband for a total cash consideration of US$9.0 million.  Based in Edinburgh, Scotland, NewWave Broadband contracts for and provides all of the satellite capacity for Inmarsat's Ship Equip subsidiary and additionally provides maintenance and upgrades for associated network hubs.  The business was acquired by Inmarsat Solutions Limited, a wholly-owned group subsidiary.