Platinum Equity has acquired Anuvu, a prominent provider of entertainment and connectivity solutions for mobility markets, with plans to leverage Anuvu's capabilities for accelerated growth.

Target Company Overview

Anuvu, headquartered in Lombard, Illinois, is a prominent provider of global entertainment and high-speed connectivity solutions specifically tailored for airlines, VIP/VVIP aircraft, and cruise lines, among other mobility markets. The company serves over 150 airline and 30 cruise-line clients worldwide through its two main divisions: Media Technology Services and Connectivity. The Media Technology Services division is responsible for the licensing, distribution, localization, and delivery of entertainment content across various sectors, boasting a catalog of more than 400,000 titles. Meanwhile, the Connectivity division focuses on offering telecom equipment, broadband satellite Internet access, passenger management services, and analytical solutions for airline customers.

Industry Overview in the United States

The entertainment and connectivity sectors in the United States, particularly for aviation and maritime industries, have been experiencing significant growth. This sector is evolving rapidly due to technological advancements and changing consumer preferences, necessitating robust connectivity solutions in various travel modes. Airlines are increasingly focused on enhancing passenger experiences through improved entertainment options and high-speed internet access, creating a competitive landscape.

Furthermore, the cruise industry is rebounding from pandemic-related disruptions, with cruise lines investing heavily in modernizing their entertainment offerings and technological i