Marine Electronic SA will spin off satellite business

Posted on

Switzerland-based Marine Electronic SA announced that it will split into two entities, creating a new arm designated to land-based satellite endeavors.

The two companies will be called Satellite Communication SA and Marine Electronic SARL.

Marine Electronic SA, founded in 1980 and acquired by John R. Svalander 10 years ago, has expanded particularly rapidly in all of the areas related to satellite communication.

“The name Marine Electronic SA does not properly describe our increased expansion and commitment in the various segments of satellite communication,” CEO John R. Svalander said in a statement. “We focus on terrestrial and marine segments of satellite communication, but the terrestrial area is increasingly important, hence the name Satellite Communication SA to accurately define our focus.”

“Of course, we will continue to market marine electronics for navigation, safety and communication, but the fantastic opportunities in satellite communication require exclusive attention because the user requirements are extremely stringent and important,” Svalander continued.

Satellite Communication SA provides solutions, market hardware, Iridium, Inmarsat and Thuraya. Satellite Communication is also airtime provider for the three satellite companies mentioned above.

Both entities are located at the same address in Switzerland.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Is the decision to move the Miami show to the Miami Marine Stadium a good one?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password