EADS To Buy Satellite Co. Vizada For €673M

Law360, New York (August 1, 2011, 7:27 PM EDT) -- European Aeronautic Defense & Space Co. NV said Monday that its satellite mobility subsidiary had paid French private equity fund Apax France and other shareholders €673 million ($960 million) for Vizada, which provides satellite-based mobility communication services.

Vizada, which offers its 200,000 users mobile and fixed connectivity services, has 700 employees and is expected to generate about $660 million in revenue in 2011, according to EADS. Its customers include merchant shipping vessels, emergency response organizations, governments, media companies and business, military and civil aviation companies....
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