RR Media buys SatLink Communications for US$19 million

Media services firm RR Media has acquired Israel-based SatLink Communications for US$19 million in a bid to “increase scale and expand service capabilities.”

SatLink is a global provider of content distribution, management and playout services. RR Media said that, with the deal, it will integrate the companies’ networks, expanding its global content distribution network and content management footprint. 

“This acquisition, along with the recent acquisition of ESS and the previous acquisitions made in recent years, form essential elements of our strategy to increase the scale of the company expanding our global presence, growing our smart global distribution network and content management services, expanding our service offering, enhancing our mix of premium customers and leveraging world-wide industry expertise,” said Avi Cohen, CEO of RR Media.

“This acquisition is expected to contribute to our bottom line in 2015 and beyond. We have watched SatLink’s accomplishments over the years and we are extremely happy to have SatLink become part of RR Media.”

RR Media said that as a result of the takeover it expects to generate incremental revenue of approximately US$25 million and adjusted EBITDA of $5 million in 2016.

The business and operational integration is planned to be completed by the end of this year.