The closing was completed less than two weeks after the acquisition was announced and signed.
Livewire Connections will become part of the Marlink Group, joining the worldwide leader in maritime communications and maritime VSAT services, generating close to $500 million revenues, employing approximately 1,000 experts across the globe and serving an installed base of around 5,000 VSAT vessels under contract.
Established as an innovator and today the most trusted service provider in all key maritime markets, including shipping, offshore, cruise / ferry and fishing, Marlink’s recent round of acquisitions will complement and extend further the company's leading position to the superyacht market segment.
Marlink also recently announced their definitive agreement to acquire a majority stake in the Spanish superyacht service provider OmniAccess. Both companies have been strategically selected for their leading position, unique capabilities and quality focus to provide unrivaled services and value for customers in the highly demanding superyacht segment.