[SatNews] SpeedCast International Limited (SpeedCast) announces the company has acquired the assets of the teleport and satellite services business of NewSat from its receivers.
These assets include the land and buildings at NewSat’s teleport facilities in Adelaide and Perth and the associated plant and equipment, as well as most of the customer and supplier contracts. SpeedCast is also retaining 20 key employees in the operations and engineering department as well as in sales, including in the U.S. NewSat’s customer base is composed of a strong reseller network, blue chip enterprise customers and government customers. These customers are being provided satellite services out of two world-class teleport facilities in Adelaide and Perth.
For SpeedCast, the addition of NewSat’s infrastructure assets in Australia will complement the company’s existing infrastructure in the region, provide expansion capabilities and enhance its ability to deliver high quality satellite communications services to its energy, government and telecom customers in Asia-Pacific, Middle-East and Africa.
“We continue to execute on our strategy of growing the business through strong organic growth in the end markets we operate in, and through acquiring value enhancing assets in key locations and/or industries where we see long-term sustainable growth,” said Pierre-Jean Beylier, CEO of SpeedCast. “Our well established Australian network, augmented by NewSat’s infrastructure assets and customer base, will enable us to expand our presence in the market, in particular with Government and Perth-based customers to which we can sell additional services globally, as well as enhance the level of local support previously available to our customers. NewSat’s state-of-the-art teleport infrastructure and highly experienced operations and engineering team also enhances our ability to serve our customers in Asia-Pacific, thus strengthening our leadership position in the region, while giving us new capabilities to provide services into Middle East and Africa; it represents an attractive platform for future growth."