Paris, 13 April 2021. – The network and connectivity provider Marlink Group can close the acquisition of ITC Global, the company said.
Backed by Apax Partners, Marlink obtained final regulatory approvals to acquire 100% of ITC Global from Panasonic, the group said. Marlink and ITC Global are preparing for a swift closing of the transaction in the coming weeks, the company said.
Both the Federal Communications Commission (FCC) and the Committee on Foreign Investment in the United States (CFIUS) have given their approval to the deal. All is now on track for ITC Global to join the Marlink Group on 30th April.
As part of the Marlink Group, ITC Global will mainly focus on energy and high-end customers who demand specific and complex managed network solutions, Marlink said. Furthermore, ITC Global will extend and complement Marlink Group’s global footprint with a strong presence in the US, the UK and Australia.
