Panasonic Corp has completed its acquisition of ITC Global, which provides satellite communications systems to the maritime and offshore markets.
The deal absorbs ITC Global into the subsidiary Panasonic Avionics, where it will trade under its original name.
It also brings Panasonic into the maritime satellite communications sector, where it can offer VSAT solutions to shipping and offshore vessel operators.
It will also be able to offer onboard entertainment packages from the experience in providing inflight solutions to the aviation market.
Panasonic Avionics chief executive officer and president Paul Margis thinks the combination is a positive one.
“Together, we will set a new standard in global satellite services by delivering robust entertainment and business-critical communications solutions to the offshore, maritime and aviation markets,” he said.
To continue targeting these sectors, the ITC Global management team has remained in place and will continue to focus on its customers in the energy and maritime markets, while Panasonic Avionics will remain dedicated to the aviation market.
ITC Global supplies C-band and Ku-band VSAT services from multiple beams on different geosynchronous satellites and ground-station teleports. It also has 20 service centres, operational centres and local offices around the world.
It supplies VSAT to tankers and gas carriers, as well as diving support vessels, offshore support vessels and seismic survey ships.
This deal is part of a trend of acquisitions in the maritime VSAT sector with MTN satellite communications being acquired by Emerging Markets Communications, and SpeedCast purchasing a number of companies to grow its VSAT presence over the last two years.