Viasat Completes Sale of Energy Services Systems Integration Business

Core Viewpoint - Viasat, Inc. has completed the divestiture of its Energy Services System Integration business to MAG Capital Partners, aligning with its strategy to manage its portfolio effectively and enhance financial performance [1][2][3] Company Summary - Viasat is a global leader in satellite communications, aiming to connect everyone and everything worldwide, with a mission to develop a comprehensive global communications network [4] - The company recently acquired Inmarsat in May 2023, combining resources to create a new global communications partner [4] Transaction Details - The SI business, which was part of Viasat's acquisition of RigNet in 2021, provides engineering design, procurement services, and support for telecom systems on critical infrastructure projects [3] - Approximately 80 employees from the SI business will transfer to the new company, Nessco, and the sale includes the company's SI facility in Aberdeen, Scotland [3] - No locations are expected to close as a result of this sale, indicating a smooth transition for the employees and operations involved [3]