PE Tech Report


Like this article?

Sign up to our free newsletter

Mooreland Partners advises CLS Horizon Marine acquisition

Mooreland Partners acted as the exclusive financial advisor to Collection Localisation Satellites (CLS) on its acquisition of Horizon Marine, a provider of metocean forecasting services to the Gulf of Mexico offshore energy industry. 

Based in Toulouse, France, CLS is a leading global operator of satellite systems for positioning, data collection, ocean observation, and surveillance.

"This transaction demonstrates how Mooreland successfully works with European companies that are looking for buy-side M&A advisory services in connection with their North American growth strategies," says Stephen Schweich, Managing Director, Mooreland Partners.

Founded in 1986, CLS is majority-owned by the French space agency, CNES, but is run as an independent company. The Company develops value-added applications and services based on satellite remote-sensing data, and currently have 17 offices around the world that serve customers in over 100 countries. In November 2013, Ardian Investment (formerly AXA Private Equity) purchased a minority equity interest in CLS. Headquartered in Marion, MA, Horizon Marine provides data-driven metocean forecasting for the offshore energy industry to improve situational awareness, reduce downtime, protect the environment, and enhance safety. Horizon Marine also offers sea-going vessel tracking and course planning around the globe.

Like this article? Sign up to our free newsletter