Marlink, the smart network solutions company, has completed the acquisition of the satellite communications business of Hellenic Radio Services (HRS).
Following years of successful organic growth via its Piraeus-based subsidiary Marlink CG, this acquisition strengthens significantly Marlink’s position and footprint in the strategic Greek market and enables the company to further expand its service and support operations to meet the growing requirements of Greek shipowners.
Through this transaction Marlink has acquired the satellite communication assets, the experienced staff and the customer support structure of HRS, substantially increasing its installed base in the Greek market with over 750 additional satcom-equipped vessels. The satellite communications business of HRS will be combined with Marlink CG, creating a stronger local company and leading force in the Greek and Cypriot markets.
For over 30 years, HRS has provided Greek shipping companies with maritime communication solutions, establishing a strong reputation for service quality and customer support. In line with Marlink’s long-term strategy, HRS pursued a technology-agnostic approach, providing its customers with a wide range of satellite connectivity solutions and equipment from all major vendors.
Commenting on the acquisitions, Ioakeim Tsanis, CEO of Hellenic Radio Services, said: “Hellenic Radio Services has a long heritage built up over decades of serving Greek shipowners with connectivity that keeps them compliant and competitive. We are confident that our customers will benefit from this transition and will enjoy enhanced business opportunities from Marlink‘s state-of-the-art solutions portfolio.”
Erik Ceuppens, CEO of Marlink Group, added: “Marlink is pleased to welcome the Greek shipping companies and end users of Hellenic Radio Services to our best-in-class smart network solutions which serve already so many shipowners around the world. Our focus is to provide a smooth transition to HRS’ customers with a high-quality of service and support, and with a future-proof connectivity and digital solutions roadmap that supports their digitalisation plans.”