KVH Industries Acquires Headland Media for $24M in Cash

KVH Industries KVHI today announced that it has acquired Headland Media Limited, a media and entertainment services company. Headland Media is a leading provider of commercially licensed news, sports, movies, and music content that they sell in the maritime, hotel, and retail markets. "The acquisition of Headland Media supports our strategic vision of extending our maritime broadband service to also include delivering premium content to vessels," said Martin Kits van Heyningen, KVH's chief executive officer. "We've captured a leading market share in the maritime VSAT market for one-to-one connectivity, and are now rolling out a new, highly efficient, low-cost multicasting capability that we believe will create significant growth opportunities for Headland Media's content by eliminating the time and cost of physically delivering DVDs to vessels. For KVH's mini-VSAT Broadband service, Headland Media's premium content offers us a great opportunity to create exciting new services that will help our customers keep their crews happy, and in the process help us differentiate our service and increase our ARPUs." With extensive experience in the licensed content business, UK-based Headland Media has 115 employees, and offices in the UK, Europe, the United States, India and the See full press release