Global communications company Viasat has announced the completion of its acquisition of Inmarsat.
In a statement on May 30 announcing the closing of the acquisition, Viasat said the combined company will 'enhance [its] scale and scope to continue to drive growth in the increasingly dynamic and competitive satellite communications industry'.
The companies bring together spectrum, satellite, and terrestrial assets, including 19 satellites in space spanning Ka-, L- and S- bands. These complementary assets are expected to deliver connectivity and key safety services across maritime, aviation, government and consumer markets.
“We are thrilled to welcome Inmarsat’s employees, customers, shareholders and partners into the Viasat ecosystem,” said Mark Dankberg, Chairman and CEO, Viasat. “The combination of our companies brings together the people, technology, innovation, network assets, spectrum resources and global partnerships needed to help connect the world more affordably, securely and reliably. Together, we believe we are positioned to offer customers a multi-layered network that gives them the right connectivity at the right time, place and price."
Rajeev Suri, Inmarsat CEO, and Andy Sukawaty, Inmarsat Chairman will be joining the Viasat Board of Directors as representatives of the prior Inmarsat private equity ownership consortium.
The combined company will continue to be led by Mark Dankberg as Chairman and CEO and Guru Gowrappan as President. Viasat also reconfirmed that its new global international business headquarters will be in London. Corporate headquarters will continue to be in Carlsbad, California. Further decisions regarding organisational structure and leadership will be determined as part of the ongoing integration process, the company said.
“Our goal is to be the undisputed leader in satellite communications with a sharp focus on providing the best products and services for our customers,” said Gowrappan. “We are more than the sum of our parts. This combination broadens the global fixed and mobile services available to customers in an industry-defining moment. We intend to move quickly to bring the best from each company together in a way that creates much deeper value for our stakeholders and ensures we deliver on our synergy commitments.”