Connectivity Solutions company purchasFMC GlobalSat has bought 100% of Santander Teleport from the ERIZIA Group. Originally a joint venture of ERZIA and MTN Satellite, Santander Teleport has been a top performing teleport operator.
The purchase will solidify FMC GlobalSat’s position in providing customers connectivity solutions and engineering support while also increasing its presence in Europe, Africa and the Middle East.
“We are delighted to welcome Santander Teleport, a company with an unparalleled heritage, talented employees and unique position in the global satellite world, to the FMC family,” said Emmanuel Cotrel, CEO of FMC. “We intend to develop this infrastructure and will invest in Santander Teleport’s unique assets and strong human capital to keep continuing to deliver compelling and cost effective connectivity solutions for our customers.”
Advisors on this deal included FMC: Investment Bank – Capital Insight LLC & Legal – Clifford Chance SLP Madrid, ERZIA: Legal – Garrigues