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Global Marine Group (GMG) has announced an affiliate of J.F. Lehman & Company (JFLCO) has completed the acquisition of the company for an enterprise value of US$ 250 million.
In a separate transaction, GMG fully divested its stake in Huawei Marine Networks for a total enterprise value of $285 million. Under prior owner HC2 Holdings GMG grew its core telecommunications business as well as completed two strategic acquisitions, CWind and Fugro’s cable lay and trenching business.
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