M&A Deal Summary

Huawei and Global Marine Group Acquire Huawei Marine Networks Co.

On December 19, 2008, Huawei and Global Marine Group acquired electrical equipment company Huawei Marine Networks Co.

Acquisition Highlights
  • This is Huawei’s 1st and Global Marine Group’s 1st transaction in the Electrical Equipment sector.
  • This is Huawei’s 2nd and Global Marine Group’s 1st transaction in China.
Investment Fate
  • Huawei Marine Networks Co. was divested to a consortium of strategic buyers in 2019.

M&A Deal Summary

Date 2008-12-19
Target Huawei Marine Networks Co.
Sector Electrical Equipment
Buyer(s) Huawei
Global Marine Group
Deal Type Joint Venture

Target

Huawei Marine Networks Co.

Tianjin, China
Huawei Marine Networks Co. Ltd. provides cost-effective turnkey submarine cable system solutions incorporating system design, integration and installation services with an on-going focus and commitment to customer support for network operators. Huawei Marine Networks Co. Ltd. was founded in 2008 and is based in Tianjin, China.

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Buyer(S) 2

Buyer

Huawei

Shenzhen, China

Category Company
Founded 1987
Sector Technology Hardware
Employees140,000
DESCRIPTION
Huawei office in Dubai, United Arab Emirates.
Huawei office in Dubai, United Arab Emirates.

Huawei is a designer and producer of networking and telecommunications equipment and services. The Company also produces cell phones and other consumer-oriented technology and products. Huawei was established in 1987 and is based in Shenzhen, China.


DEAL STATS #
Overall 3 of 7
Sector: Electrical Equipment M&A 1 of 1
Type: Joint Venture M&A Deals 3 of 3
Country: China M&A 2 of 2
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-05 Huawei Symantec Technologies Co.

Chengdu, China

Huawei Symantec was a producer of network security, storage and computing services. It was formed as a joint venture between Huawei and Symantec in 2008.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-25 CIP Technologies

Ipswich, United Kingdom

CIP research, design, develop, manufacture and test photonic devices.

Buy -
Buyer

Global Marine Group

Chelmsford, United Kingdom

Category Company
Founded 1983
Sector Marine
DESCRIPTION

Global Marine Group is a provider of engineering and underwater services, responding to the subsea cable installation, maintenance, and burial requirements. Global Marine Group was founded in 1983 and is based in Chelmsford, United Kingdom.


DEAL STATS #
Overall 1 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2008 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 CWind

North Lincolnshire, United Kingdom

CWind is an integrated service provider (ISP) that supports the wind industry by providing on-demand services. CWind is based in North Lincolnshire, United Kingdom.

Buy -