[Avionics Today 3-16-2015] Panasonic Corp. has announced a new definitive agreement to acquire satellite communications provider ITC Global. Under the terms of the agreement, ITC will operate as an independent unit of Panasonic Avionics, combining the complementary strengths of the two companies as each pursues more expansion into the global aircraft connectivity market.
“Panasonic’s acquisition of ITC Global highlights the natural alignment of customers across the aviation, energy, mining and maritime markets, all of whom require mobile broadband, high reliability, global coverage and responsive customer service,” said Paul Margis, president and CEO of Panasonic Avionics. “ITC Global is a proven leader and we share a common passion for excellent customer service. Together, we look forward to taking satellite communications services to a new level of value and performance.”