Globetech acquires 60 percent stake in maritime supplier Satco. August 3, 2026 at 02:01 PM UTC - By FilingReader AI Globetech, a majority-owned subsidiary of Nekkar, has acquired a 60 percent stake in Norwegian maritime supplier Satco. Under the transaction, Globetech will purchase the remaining 40 percent of shares in 2029 based on realized earnings. The undisclosed purchase price was funded using available cash, and Satco will be immediately consolidated into the group accounts. Founded in 2008, Satco generated NOK 45 million in revenues alongside a profit before tax of NOK 12 million in 2025. The integration combines Satco's hardware capabilities with Globetech's support and lifecycle management to jointly develop a managed connectivity offering. This transaction represents Globetech's second add-on acquisition following its 2025 purchase of Firstpoint in Poland. Globetech achieved NOK 104 million in revenues with a 22 percent EBITDA margin in 2025 while managing over 215 contracted vessels. This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact [email protected]

3.8.2026 07:00:08 CEST | Nekkar ASA | Additional regulated information required to be disclosed under the laws of a member state Globetech AS, a majority-owned subsidiary of Nekkar ASA, has acquired...