Satellite Solutions Worldwide (SAT) has completed the smaller of the two French acquisitions and the firm expects to complete the second acquisition over the next few weeks.
The combined acquisitions, once completed, will add 2,400 customers to the company's customer base. This will result in the company becoming the second largest satellite broadband provider in France and will extend the suite of products they are able to offer customers. Additionally, SAT continues to evaluate a number of significant acquisition opportunities in line with the firm's stated strategy and further announcements will be made at the appropriate times.
SSW is already one of the leading players in the French market. In order to take advantage of the rapid progress made to date in France, and to further consolidate its industry position, SSW opened a new business and European logistics center in Amiens under its Europasat France subsidiary. The centre is being headed up by Franck Delille, who was recently appointed Country Manager in France. The office in Annecy, inherited with the Sat2Way acquisition, is now expected to close with all French operations to be managed out of Amiens.
The French Government's subvention scheme, which has a stated commitment to enable 150,000 broadband subscribers on satellite by the end of 2018, has helped underpin the strong organic growth in France with last year's acquisitions of Sat2Way and Vertical Connect, both of which are now fully integrated into SSW and contributing to the company's bottom line.