Nekkar unit Globetech buys 60% stake in maritime electronics supplier Satco

Reuters2026/08/03 05:03

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Nekkar’s majority-owned unit Globetech acquired 60% of Norway-based Satco, a supplier of maritime communications, navigation, and CCTV systems.
Deal includes an agreement to buy the remaining 40% in 2029, with pricing tied to earnings through 2029.
Satco generated NOK 45 million revenue in 2025, with NOK 12 million profit before tax.
Consideration was not disclosed; Globetech funded the purchase from available cash, with payments split into two tranches.
Satco will be consolidated into Globetech and Nekkar accounts from completion; the combination targets a managed connectivity offering and full CCTV deliveries.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nekkar ASA published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nekkar unit Globetech buys 60% stake in maritime electronics supplier Satco

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