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.
