[Satellite TODAY 03-08-10] Globecomm Systems Inc. has acquired Carrier to Carrier Telecom BV (C2C) and the assets of Evolution Communication Ltd. from Carrier to Carrier Telecomm Holdings Ltd. (C2C Holdings), Globecomm announced March 8.
   C2C, based in the Netherlands, provides satellite services across Africa, the Middle East, Europe and Asia and maritime services in the Atlantic, Mediterranean, Gulf of Mexico and the Indian Ocean regions through its teleport facility located in Biddinghuizen, Netherlands. Evolution Communication and its wholly owned subsidiary, South Africa-based Evosat SA Pty Ltd, primarily provide Inmarsat land-based BGAN and maritime-based Fleet Broadband services along with mobile communications through C2C. The combined companies reported revenues of about $19.5 million in 2009.
   Globecomm initially will pay about $15 million in cash for the companies, using $2.5 million in cash and about $12.5 million from an existing credit facility with Citibank. C2C Holdings also may receive up to $10.9 million of additional cash consideration based on reaching certain earnings milestones throughout the next two years.
   "The acquisition of C2C will vastly expand the Globecomm footprint on both sides of the Atlantic and beyond,” Keith Hall, President and COO of Globecomm, said in a statement. “ C2C will provide Globecomm with a permanent foothold in Europe to service customers in its traditional as well as new markets in North America, Europe, the Middle East, Africa and Southeast Asia.”