Acquisition - Spectrum acquires Ocean Wave Europe assets

 
TIDMSIN 
 
Spectrum Interactive sails into UK marine market 
 
Spectrum Interactive plc has bought the assets of marina WiFi operator, Ocean 
Wave Europe Ltd,  for an undisclosed sum. Ocean Wave Europe Limited, established 
in 2006 had grown into one of the largest marina WiFi networks in Europe, but 
ran in to difficulties in 2009. Spectrum will deliver high speed wireless 
internet access to 40 coastal and inland marinas in the UK and Ireland. 
 
Spectrum completed the network takeover during December 2009  and as a result 
will provide  an estimated 15,000 permanent berth holders and visiting yachtsmen 
with easy to use WiFi connectivity. Marinas include Premier Marinas, Yacht 
Havens, Associated British Ports and many independent marinas. 
 
The Spectrum service offers marinas a wide range of WiFi options in design and 
payment services for the berth holders. Additionally Spectrum has already 
started offering the marinas a range of new products and marketing opportunities 
including remote printing, internet desk access and media sales. 
 
Daniel Gray, Head of the Travel Division for Spectrum Interactive commented, 
"this project takes Spectrum into a new and important market sector, and 
provides a major opportunity to offer new products and to innovate with marina 
managers to maximise the existing WiFi network. We have employed Jon Howell as 
our Marina Account Manager, and he brings excellent marina experience and 
several key relationships to Spectrum". 
 
Jon Howell added "Working within the Spectrum team provides access to nationwide 
engineering teams, and the resources to quickly introduce new product ideas and 
to offer a broader range of services to the marine industry. We have an exciting 
roadmap, and expect several further announcements before the Spring". 
 
_________________ 
 
More on Spectrum Interactive's Travel Division: 
In July 2009 Spectrum reorganised the commercial, marketing and product 
development teams into two key divisions, Travel and Hospitality, to focus on 
delivering a more comprehensive range of communications, IT and entertainment 
solutions to site owners. Each division is supported by Spectrum's nationwide 
engineering and operations network, and IT & support teams based in Hemel 
Hempstead. The Travel Division is focused on airports, bus & rail stations, 
motorway services, and marine market sectors. 
 
Spectrum has operations in over 1,050 hotels, 24 UK airports, 20 business 
lounges, motorway services, and coach stations. 
 
www.spectruminteractive.co.uk 
 <http://www.spectruminteractive.co.uk/> 
 
 
 
 
[HUG#1376687]