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Business/Financial

EADS Astrium To Acquire Vizada For $960 Million

By Cal Biesecker

Friday, August 5th, 2011

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European Aeronautic Defence And Space Co. (EADS) yesterday said its Astrium subsidiary has entered into an agreement to acquire Vizada from Apax France, a French private equity fund and the majority shareholder for $960 million. The transaction is subject to the customary regulatory approvals. Vizada is a leading independent provider of global, satellite-based mobility communication services, serving customers across sectors including maritime, aero, land media, non-governmental organizations and government/defense. Through all satellite network operators, it offers mobile and fixed connectivity…

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