Global Acquisitions Grow Raven into World Leader
Global Acquisitions Grow Raven into World Leader
Today’s announcement from Satellite Holdings LLC (a partnership between private investment firms The Edgewater Funds and Granahan McCourt Capital) marks the creation of one of the world’s largest providers of antenna systems.
A series of strategic acquisitions sees UK-based Raven , already one of the world’s leading provider of consumer satellite broadband antennas and major manufacturer of direct-to-home products, become a global total solutions provider of integrated outdoor units (ODU) and associated electronics and equipment, with one of the world’s leading research and development divisions.
To speed Raven’s global expansion, Satellite Holdings LLC and its group of companies – including Raven Group Limited, Raven Manufacturing and Raven Antenna Systems Inc – has acquired ASC Signal Corporation’s Direct-to-Home (DTH), Very Small Aperture Terminal (VSAT), and Radio Frequency electronics (RF) business units; plus the 100% stock purchase of the Germany-based Skyware Radio Systems, a unit previously owned by Philips (NYSE: PHG ). These business units include manufacturing operations in North Carolina (US) and engineering offices in England, Scotland and Germany.
David C McCourt , telecom industry veteran and CEO of Satellite Holdings LLC commented: “The ASC acquisition and the synergies we see with Raven, are exactly what we had in mind as we looked to grow Raven into the global provider of complete outdoor unit systems. The goal behind our strategy is to help operators around the world lower equipment acquisition costs, as well as reduce maintenance costs, truck rolls and service calls through superior products in the field.”
Added Mr McCourt: “ASC not only provides additional antenna systems, electronics, and manufacturing capabilities that have immediate synergies with Raven’s offering, ASC also has a world-class customer base that I am excited to partner with.”
On 31 December 2008, The Edgewater Funds, a leading private equity firm based in Chicago, and Granahan McCourt Capital, LLC, a NJ-based private investment firm, purchased the Raven group of companies through the newly- formed Satellite Holdings, LLC to provide a platform to build the largest, complete solutions provider in the satellite ground equipment market.
Raven, founded in 1984, is one of the world’s major players in the Direct Broadcast, Satellite Broadband and VSAT markets, and is looking to expand into the fields of Antenna systems design and supply. It is the world’s leading provider of consumer Satellite Broadband and a major manufacturer of DTH equipment.
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