NSK Deutschland GmbH
Renishaw Plc
Volvo Penta

twitteryou tubefacebookacp

UAE-based Yahsat acquires stake in Thuraya

With the acquisition of Thuraya, Yahsat is set to expand current satellite solutions portfolio. (Image source: OzAdr1an/Flickr)

Yahsat, UAE-based global satellite operator owned by Mubadala Investment Company, has acquired a majority and controlling stake in the mobile satellite services operator Thuraya

With this acquisition, Thuraya has announced Ali Al Hashemi as the new CEO of the company. The former CEO Ahmed Al Shamsi will remain as an advisor to the new CEO.

Masood M Sharif Mahmood, CEO of Yahsat, stated, ?The Thuraya acquisition provides us with an ideal opportunity to grow and diversify our business, bolstering our satellite solutions capabilities on both government and commercial fronts.?

Marcus Vila?a has been named as Thuraya?s chief technical officer by Yahsat. He has more than 35 years of experience in the satellite industry, acquired from Embratel, SES, Inmarsat and Yahsat.

The acquisition of the UAE's first homegrown satellite operator, Thuraya, is set to significantly expand Yahsat?s current satellite solutions portfolio on both commercial and government fronts and will create a strong platform to capture the growing opportunity around IoT and M2M applications across both sectors.

Thuraya?s two satellites, serving more than 160 countries, will join the Yahsat fleet, expanding the group?s satellite fleet to five. The combination of geostationary satellites operating in the C, Ka, Ku and L-bands will jointly cover Europe, Africa, the Middle East, South America and Asia, providing a broad range of fixed and mobile satellite services spanning voice and data communications to both commercial and government sectors.

Oil Review Middle East
Deep Sea

EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)

Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)

Special belt covers guarantee an effective reduction in dust. (Image source: Wirtgen Group)

Daryl Wake, business development manager, DEKRA

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

DEWA's SAP upgrade drives innovation, sustainability, and efficiency in Dubai's utilities. (Image source: Adobe Stock)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)

Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)

Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

The emphasis is on constantly optimising value creation processes. (Image source: Rittal)

With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The four-point track system is available globally on four boom lifts up to 80 ft / 24 m class. (Image source: Genie)

Reed Exhibitions FZ-LLC