Cobham Satcom enables secure SATCOM in remote locations across land and sea.
Cobham Group has signed an agreement to sell Cobham Satcom to Solix Group, an investment company.
Cobham Satcom is a market leader in enabling secure satellite communication in remote locations across land and sea. The company is positioned to leverage growth opportunities, particularly within the global government, defence and maritime industries.
Christophe Duret, CEO of Cobham Satcom, said: This transaction will enable us to accelerate our strategy and continue to develop and deliver best-in-class connectivity and safety solutions to our global customer segments. Our capabilities and technology leadership within the maritime industry have been well-established and recognised since the 1950s. In recent years, we have also demonstrated our ability to apply these competencies to develop new, critical market-leading satcom solutions for government and defence customers.
With new, ownership that brings valuable experience from other investments in the maritime and government markets, Cobham Satcom expects to continue and fast-track its growth strategy in the coming years.
The transaction is subject to customary regulatory approvals and is expected to be completed within the calendar year, once these approvals have been obtained.
