Speedcast Acquires SatComms Australia
Hong Kong, May 13, 2014 – Satellite services provider SpeedCast Ltd today announced the buyout of SatComms Australia, a leading satellite solutions provider in Australia. The acquisition will provide SpeedCast with an expanded presence in Australia.
SatComms Australia is a specialized provider of mobile and fixed satellite solutions in the Australian market and in the Asia-Pacific region. The company services customers in the natural resources, maritime and Government sectors. SatComms is based in Queensland, Australia with a teleport and operations center in Henderson, Western Australia.
SatComms' strength in mobile satellite solutions will augment SpeedCast's current L-band offering, a key technology for offshore and exploration customers, according to a company statement. Satcomms’ significant presence in Queensland, Australia will enhance SpeedCast's ability to support customers in this important region, a hub for gas exploration and production. The SatComms teleport in Western Australia will provide flexibility and network customization capabilities to SpeedCast's natural resources customers. With two fully owned teleports in Australia, one in Adelaide and one in Perth, SpeedCast will be able to offer the highest levels of redundancy including site and satellite diversity. The acquisition follows the opening of SpeedCast's new office in Perth in February.
“With the SatComms acquisition, SpeedCast expands it presence and its commitment to the Australian market, and marks our third acquisition in Australia in just 18 months,” said Pierre-Jean Beylier,
The closing of the transaction is subject to regulatory approval.
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