Marine technology products and solutions
Type of transaction
Buy-out
Invested capital
30 M€
Investment date
2017
Exit date
2022
Technological solutions for sustainable fishing
Satlink develops and commercializes high value-added solutions to improve fishing industry operational efficiency and reduce its environmental impact.
The company has two main business lines: IoT solutions for the fishing industry and satellite connectivity services.
Investment thesis
Leader in technology for sustainable fishing, with highest quality offering and premium market positioning
High revenue visibility due to recurring revenue model, underlying demand linked to primary sector and high entry barriers based on technology and quality credentials
Strong growth prospects (international, inorganic and through adjacent business lines)
Value added
Growth
- Strong international expansion (+50% growth in international markets since entry, achieveing #1 position in Asian markets)
- 3 add-ons to foster internationalization, diversification and efficiency
Optimization
- Profitability boost by optimizing the supply chain, internalizing critical processes and redesigning products
- EBITDA more than doubled in 5 years
Professionalization
- Professionalization of the company (new chief financial officer, chief technical officer, chief operating officer, chief sustainability officer, head of mergers and acquisitions)
- Creation of a professionalized Science and Sustainability team to promote and align ESG objectives across all divisions
