HONG Kong based satellite services provider SpeedCast has acquired Queensland headquartered fixed and mobile satellite solutions provider SatComms Australia, with former iiNet chief executive Michael Malone also joining the board.
SpeedCast said the deal would consolidate its leadership position in the Asia-Pacific region, giving it access to SatComms’ teleport and operations centre in Henderson, Western Australia, a second teleport in Adelaide and the existing Queensland base.
While the details of the deal were not released, the companies said SpeedCast would partner with SatComms’ outstanding management team and employees
SatComms chief executive Andrew Burdall said the companies would complement each other.
“With SpeedCast’s experience and infrastructure, we believe that SatComms will have the opportunity to drive further growth and advance our commitment to providing our customers with reliable and efficient solutions,” Mr Burdall said.
SpeedCast chief executive Pierre-Jean Beylier said the acquisition was his company’s third in 18 months.
“SatComms uniquely complements SpeedCast’s leadership in the VSAT market with great strength in mobile satellite services, extensive teleport infrastructure in Western Australia, and a sales and engineering presence in Queensland,” he said.
“There are significant synergies between the two companies, which will further enhance our ability to deliver customised turnkey solutions to our customers in Australia and beyond.”