NSSLGlobal and ESL Merger to Bring €90 Million
[Via Satellite 09-08-2014] Satellite communications service provider NSSLGlobal has announced its merger with the ESL group of companies, a satellite solution provider and system integrator specializing in custom solutions for the government, fishing, commercial shipping and offshore industries. NSSLGlobal and ESL both target similar market sectors within complementary geographies. The merger gives each company a broader global reach: NSSLGlobal benefiting from increased presence across Europe through ESL’s offices in Germany, Denmark and Poland; and ESL gaining a broader global footprint through NSSLGlobal’s offices in the United Kingdom, New Orleans and Singapore.
The combined group will have an expected annual turnover in the region of €90 million, with 150 employees and sales and service offices globally. As part of the combined transaction the former owners of ESL will become part owners of the combined NSSLGlobal group.