The acquisition enhances local service and customer support, while increasing choice for ship owners to adopt Marlink's smart network solutions to digitalise their vessel operations
Oslo and Paris, 03 October 2022
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 an even stronger local company and leading force in the Greek and Cypriot markets.
For over 30 years, HRS has provided the 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.
Greece represents a critical component of the global shipping industry being the largest shipping nation based on deadweight tonnage, while the country's shipowners continue to invest heavily in new and energy efficient ships. Digital solutions, as the one provided by Marlink, including on-board IT and network management, cyber security, performance data collection, remote support and maintenance are these days considered essential elements for gaining competitive advantage in the shipping industry.
"Hellenic Radio Services has a long heritage built up over decades of serving Greek shipowners with connectivity that keeps them compliant and competitive," said Ioakeim Tsanis, CEO of Hellenic Radio Services. "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."
"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," said Erik Ceuppens, CEO Marlink Group. "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."
Marlink is the trusted partner in fully managed smart network solutions, based on an intelligent hybrid network and unrivalled digital solutions.
The company provides Smart Network Solutions, connecting people and assets around the globe and across all markets where conventional connectivity cannot reach or is not available. Marlink's Intelligent Hybrid Network combines global satcom and terrestrial technologies via a proprietary global infrastructure.
The Marlink Smart Edge, an integrated service delivery platform, orchestrates and optimises all network elements and applications, from data handling and IT to application-based routing (SD Wan), cloud and Digital Solutions, including remote data and IT, cyber security as well as IoT/OT solutions.
This provides customers with full 'Peace of Mind' that their chosen network solution is fully optimised, integrated and has the security required to operate more profitably and sustainably, increasing their efficiency and safety through operational optimisation, tracking and routing, monitoring and reporting.
Marlink's Smart Network Solutions are provided as Managed Services meeting the highest quality standards and service level agreements. The company proactively monitors and supports network solutions, providing alerts, reporting and insights on performance and usage of connectivity, systems, and applications as well as advice and consultancy on how to further optimise customer networks.
Marlink - press release