M&A Deal Summary

RigNet Acquires Energy Broadband Business - Inmarsat

On August 1, 2013, RigNet acquired communications company Energy Broadband Business - Inmarsat from Inmarsat for 25M USD

Acquisition Highlights
  • This is RigNet’s 3rd transaction in the Communications sector.
  • This is RigNet’s 2nd largest (disclosed) transaction.
  • This is RigNet’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2013-08-01
Target Energy Broadband Business - Inmarsat
Sector Communications
Buyer(s) RigNet
Sellers(s) Inmarsat
Deal Type Divestiture
Deal Value 25M USD

Target

Energy Broadband Business - Inmarsat

London, United Kingdom

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Buyer(S) 1

Buyer

RigNet

Houston, Texas, United States

Category Company
Founded 2000
Sector Communications
Revenue 243M USD (2019)
DESCRIPTION

RigNet, Inc. is a provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet was founded in 2000 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 10
Sector (Communications) 3 of 6
Type (Divestiture) 1 of 1
Country (United Kingdom) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-05 Nessco Group Holdings

Aberdeen, United Kingdom

Nessco designs, builds, installs and commissions client telecommunications systems encompassing the full spectrum of technologies including fiber optic, digital radio, voice and data networks, closed circuit television, marine communications and satellite networks. With more than 120 employees and dedicated contractors, Nessco operates worldwide and has been engaged in major projects in the United Kingdom, Continental Europe, North and South America, Africa, Middle East and Asia Pacific.

Buy £30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 Timas Munaicom TOO

Almaty, Kazakhstan

Timas Munaicom TOO is an oilfield communications company.

Buy -

Seller(S) 1

SELLER

Inmarsat

London, United Kingdom

Category Company
Founded 1979
Sector Communications
Revenue 1.5B USD (2018)
DESCRIPTION

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-15 Stratos Global

Bethesda, Maryland, United States

Stratos Global Corp. is a provider of mobile and fixed-site remote communications services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 Globe Wireless

Palm Bay, Florida, United States

Globe Wireless provides wireless communications for the maritime industry. It combines service and technology to simplify worldwide communications to and from ships at sea.

Buy $45M