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SATLYNX Acquires Spaceline
Satlynx SA announced the signing of an agreement for the acquisition of Spaceline, the satellite communications division of HP, for an undisclosed amount. Following the acquisition by Satlynx of Xantic accounts in 2005, the purchase of the Spaceline business creates a growing focus within Satlynx on SCPC business. The acquisition brings together two European players in this sector, especially in the emerging markets of Eastern Europe and the Middle East and Africa. The move also accelerates Satlynx’s initiative to grow revenues in the short term and to add shareholder value to the SES group.
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