Reston, Va., United States:
SES and its wholly-owned subsidiary SES Government Solutions (SES GS) right this moment introduced the completion of the acquisition of DRS Global Enterprise Solutions (GES) from Leonardo DRS for $450 million after acquiring all the required regulatory approvals. The DRS GES business shall be mixed with SES GS to create a scaled options supplier serving the multi-orbit satellite tv for pc communications wants of the US Government and supporting missions anyplace on land, at sea, or within the air.
This press launch options multimedia. View the total launch right here: https://www.businesswire.com/news/home/20220801005477/en/
SES Completes $450 Million Acquisition of DRS Global Enterprise Solutions Doubling US Government Business (Photo: Business Wire)
With the mixed companies working as SES Government Solutions, the brand new group will comprise a cross-functional workforce with deep technical experience and a confirmed capacity to combine and handle multi-orbit geostationary and medium earth orbit (MEO) companies in addition to multi-operator community options. In specific, SES GS will provide extremely versatile second-generation MEO companies – by way of SES’s soon-to-be launched O3b mPOWER system – with a novel mixture of low latency and excessive throughput per terminal for high-value missions, to an expanded authorities buyer base. SES GS may even leverage important instruments and experience in cybersecurity operations, buyer assist, governance and compliance. The mixed business will proceed to serve US Government clients below the route of the SES GS Proxy Board of Directors.
The consolidation of DRS GES with SES GS is anticipated to unlock $25 million of annualized run-rate synergies, with authorities changing into SES’s largest information business phase in phrases of income.
The mixed business shall be led by David Fields, who assumes obligations on August 1, 2022 as appointed by the SES GS Proxy Board. Fields has over 30 years of expertise within the satellite tv for pc communications and data expertise (IT) companies industries, and joins SES GS from DRS GES. He succeeds Brigadier General Pete Hoene, USAF (Retired), who, after 11 years on the helm of SES GS and a long time of devoted service within the satellite tv for pc communications enviornment, will take his retirement.
“I am extremely excited about the potential that this combination unleashes, reinforcing our commitment to provide best-in-class satellite network solutions to the US Department of Defense customers,” mentioned Brigadier General Billy Bingham, USAF (Retired), Chairman of the SES GS Proxy Board. “We are delighted to welcome Fields, who comes to SES GS with extensive knowledge and expertise in the satellite communications industry and a demonstrated record of achievement in the US Government sector. Well-respected by industry partners and customers, he has developed deep and trusted relationships with many US Government agencies, and we anticipate David to build on his success through his leadership of the combined business. We would also like to take this opportunity to thank Pete Hoene, whose leadership has resulted in SES GS achieving outstanding growth rate of over 30% in just the last five years. We wish him all the best in his well-earned retirement.”
“I am excited to join SES GS and honored to lead the combined team where we will be delivering best-in-class solutions and state-of-the-art multi-orbit satellite networking capabilities,” mentioned David Fields, President and CEO of SES GS. “SES GS will be significantly expanding its differentiated value proposition for the US Government, with a trusted multi-operator network integration and service management solutions. The breadth of our capabilities, now spanning both connectivity and integration, allows for building, managing and supporting the most advanced satellite networks solutions for our US Government customers.”
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About SES
SES has a daring imaginative and prescient to ship superb experiences all over the place on earth by distributing the best high quality video content material and offering seamless connectivity around the globe. As the chief in international content material connectivity options, SES operates the world’s solely multi-orbit constellation of satellites with the distinctive mixture of international protection and excessive efficiency, together with the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging an enormous and clever, cloud-enabled community, SES is ready to ship high-quality connectivity options anyplace on land, at sea or within the air, and is a trusted associate to the world’s main telecommunications firms, cell community operators, governments, connectivity and cloud service suppliers, broadcasters, video platform operators and content material house owners. SES’s video community carries over ~8,200 channels and has an unparalleled attain of 366 million households, delivering managed media companies for each linear and non-linear content material. The firm is listed on Paris and Luxembourg inventory exchanges (Ticker: SESG). Further info is offered at: www.ses.com.
About SES Government Solutions
SES Government Solutions (SES GS) is a wholly-owned subsidiary of SES, the chief in international content material connectivity options, and is completely targeted on constructing, managing, and supporting probably the most superior satellite tv for pc community options for the US Government. SES GS leverages a confirmed multi-operator community integration and administration functionality, an in depth international terrestrial community, in addition to entry to SES’s multi-orbit satellite tv for pc fleet. It additionally provides US Department of Defense clients the important instruments in cybersecurity for mission-critical operations, coupled with a confirmed monitor document in governance and compliance. SES GS operates below a proxy board, enabling it to assist categorised tasks, and it has been current within the US Government satcom marketplace for over 4 a long time. Further info could be discovered at: www.ses-gs.com.
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