SES Astra, an SES Global company, announced Tuesday that the SES Group increased its shareholding in Satlynx from 41% to 77%, taking full operational control.
As a result of the equity realignment, Alcatel Space and Gilat now hold 6% and 17% of the shares of Satlynx, respectively.
The SES participation will be managed through SES Astra, the leading satellite services provider in Europe, and the company managing the SES Group’s activities in the EMEA region (Europe, Middle East and Africa).
Ferdinand Kayser, President and CEO of SES Astra, stated: “This shareholder restructuring enables us to further align Satlynx with the strategic objectives of SES Astra. Satlynx’s managed networks expertise complements SES Astra’s and is consistent with our strategy of developing our ability to provide end-to-end customer solutions.”
Paul Heinerscheid, CEO of Satlynx, commented: “This shareholder restructuring, along with the operational integration into SES Astra, provides Satlynx with a secure financial base and enhances our market position.
“It enables us to tap existing and proven resources for the development of new business opportunities, and to strengthen Satlynx’s competitive positioning.”
