Kramer Levin also handled Globecomm’s recent acquisition of Mach6, which is currently advancing development of maritime broadband services as a significant element of its business. The Telaurus acquisition builds on Mach6’s maritime service offering and provides Globecomm with a major footprint in the maritime marketplace. Telaurus currently provides communications to over 1,850 vessels, with approximately 1,650 active at any given time.
Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. Telaurus is a service provider with 100% of its revenues concentrated in the maritime marketplace.
Richard H. Gilden, Adam H. Price and Jennifer B. Pastarnack worked on the deal.