Entrepreneur
Erik Ceuppens
CEO

Largest technology-independent satellite communication provider.

Online

$0m
Revenue
Sector: Services Investment date: 2016 Apax position: Majority Activity: MidMarket
Why did we invest?

Marlink encompasses the commercial division of Vizada, a former portfolio company of Apax Partners sold to Airbus Group in 2011. The company mainly operates in the maritime business sector, where it is a global leader, but it also offers terrestrial solutions. Marlink is well positioned to capture market growth through an exhaustive product portfolio, a global distribution network, and a large and diversified customer base.

How do we intend to create value?

Our investment thesis is based on several drivers of value creation: (i) accelerating VSAT delivery; (ii) developing value-added services beyond connectivity to increase ARPU (Average Revenue Per User) and customer retention; (iii) focusing on Land core verticals (onshore Oil & Gas, Mining, Media and Humanitarian); (iv) driving profitability through operational efficiencies and the outsourcing of installation and maintenance activities; and (v) consolidating a highly fragmented industry.

90% of Marlink’s revenues are completed internationally.

Marlink is a global leader with a worldwide footprint and focuses on expanding its presence in those areas with some national sub-markets holding the greatest potential like Asia and Southern Europe.

Through the recent acquisitions and partnerships completed, Marlink reinforced its presence in Southern Europe (Italy, Greece and Spain) and further penetrated the rest of Europe.

2017
4 acquisitions were signed enabling Marlink to increase its exposure towards multiple maritime segments (yachting, cruise, shipping).

  • OmniAccess, the Spanish leader of satcom solutions in the high-end yachting market offering VSAT solutions to c. 300 mega-yachts and high-end boutique cruise vessels.
  • Palantir, a Norwagian company providing the maritime sector with state of the art IT&C solutions and services.
  • The connectivity business of RadioHolland, a global NavCom, IT on Board, Connectivity and Service and Maintenance provider.
  • LiveWire, a UK headquartered satellite communications service provider with focus on superyacht customers.

2016
6 months after closing of the transaction, Marlink completed the acquisition of Telemar.

Migration towards broadband VSAT solutions enables “Digital Vessel” operations. Connected equipment and sensors, data analytics, remote monitoring and diagnosis are being adopted by maritime companies to reduce their operating costs (fuel, maintenance, staff on board…). This trend offers promising opportunities for Marlink to enhance customer stickiness and cross-sell value-added services beyond connectivity.

2017

  • Markink won the Saftey4Sea award for its XChange Telemedecine which provides the ability for immediate diagnosis and online interaction with a doctor on shore with several medical examinations.
  • The acquisition of Palantir, a big data analysis company, enables Marlink to extend its digital service offering across its subscriber base through Value Added and Managed Services.