Cobham Group, a leading defense, aerospace, and technology company, has signed an agreement to sell Cobham Satcom to Solix Group, a leading investment company.

Cobham Satcom is a market leader in enabling secure satellite communication in remote locations across land and sea. The company is uniquely positioned to leverage growth opportunities, particularly within the global government, defense, and maritime industries.

“This transaction will enable us to accelerate our strategy and continue to develop and deliver best-in-class connectivity and safety solutions to our global customer segments,” said Christophe Duret, CEO of Cobham Satcom. “Our capabilities and technology leadership within the maritime industry have been well established and recognized since the 1950s. In recent years, we have also demonstrated our ability to apply these competencies to develop new, critical market-leading satcom solutions for government and defense customers.”

With new, strong ownership that brings valuable experience from other investments in the maritime and government markets, Cobham Satcom expects to continue and fast-track its growth strategy in the coming years.

The transaction is subject to customary regulatory approvals and is expected to be completed within the calendar year, once these approvals have been obtained.