Panasonic Corp., whose Panasonic Avionics subsidiary has cobbled together a global network of satellite bandwidth for an in-flight Internet service, has reached agreement to acquire ITC Global, which provides satellite connectivity to the energy, mining and maritime markets, the companies announced March 16. Currently Houston-based ITC Global, which serves customers at 1,200 sites across 70 countries, is owned by Riverside Partners, a private equity firm based in Boston. Financial terms of the deal, which is subject to regulatory approvals, were not disclosed.
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