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Inmarsat PLC to acquire Globe Wireless LLC

Tuesday, 17 Dec 2013 02:00am EST 

Inmarsat PLC:Announces the acquisition of the business and substantially all of the assets of Globe Wireless LLC.Says headquartered in Palm Bay, Florida, Globe Wireless is a provider of maritime communications services to the shipping market.Says Inmarsat will acquire the business of Globe Wireless for a total consideration of $45 million and will fund the acquisition from available liquidity.Says closing of the transaction is subject to certain regulatory and other approvals, which are expected to be completed in Jan. 2014. 

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-3.0 -0.34%
7:29am EST