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Speedcast Expands in the Americas with
the Acquisition of Newcom
29 December, 2015
SpeedCast International Limited has signed a definitive agreement for
the acquisition of NewCom International (“NewCom”), a leading satellite
communications service provider specializing in the South and Central
American regions. The acquisition opens a new growth frontier for
SpeedCast in a region where satellite is widely used and SpeedCast did
not have a direct presence. The acquisition will strengthen SpeedCast’s
capabilities to serve and support its customers globally, including in
the important and growing South American market.
NewCom has over 25 years of experience providing integrated satellite
and terrestrial communications and engineering solutions throughout the
South and Central American regions, the Caribbean, Mexico and Africa,
where it has been leading the way and has built a reputation for the
quality and innovation of its services. The company—which focuses on
fast, cost-efficient delivery of the customized end-to-end solutions its
customers require—specializes in the design, implementation, operations
and management of critical integrated voice, video, data, content and
security solutions. NewCom is similarly diversified as SpeedCast,
serving all key verticals including government, telecom, oil & gas,
maritime, NGOs, aviation and mining.
Based in Miami, Florida, USA, NewCom has two state-of-the-art teleports
in Miami, Florida and Lima, Peru, which provide strategic infrastructure
to service its customer base throughout the Americas. NewCom has
experienced staff spread across the Americas including Miami, Peru,
Columbia and Mexico, and has developed a variety of turnkey education,
telemedicine, disaster recovery and remote office solutions to meet the
demands of these fast-developing regions.
With NewCom’s acquisition, SpeedCast establishes a strong presence in
South and Central America, where SpeedCast did not have an established
direct presence, which is an important region for all of the Group’s
existing verticals and for a number of existing SpeedCast customers. The
acquisition will benefit SpeedCast’s existing customer base across
multiple verticals, as SpeedCast leverages NewCom’s infrastructure and
local presence to gain in operational flexibility and redundancy and
enhance its support and logistics capabilities.
It also opens up a new growth avenue for the Group into the major and
growing South American market, through an already well-established and
well-managed business with strong growth potential.
Last but not least, NewCom strengthens SpeedCast’s presence and
infrastructure in North America, with a major office and teleport in
Miami, a key hub for the yachting, cruise and government market
segments, an office in Mexico, and a strong management team that will
further strengthen SpeedCast Americas’ organization.
“I am thrilled to see NewCom joining the SpeedCast group as it is a
well-recognized organization with a strong market position in South and
Central America, a major and growing region for satellite services.
NewCom fills a gap in our capabilities and we can now state that we are
truly global and capable of serving our customers wherever they are.”
said Pierre-Jean Beylier, CEO of SpeedCast. “There is a real growth
opportunity for SpeedCast in the Americas that we will now be able to
better realize. With NewCom’s infrastructure, local presence,
relationships and experience, combined with SpeedCast’s strengths, we
are well positioned to deliver innovative and value creating solutions
to customers in the Americas.”
Joining SpeedCast, NewCom will be able to offer its customers a wider
portfolio of products and services, and better serve its customers’
needs worldwide. It will also leverage SpeedCast’s global network and
financial strength to chase larger projects. NewCom’s growth potential
will be better realized with SpeedCast’s capabilities and strengths.
SpeedCast will partner with NewCom’s experienced management team and
employees to continue to provide best-in-class services to NewCom’s
customers.
“At NewCom, we are committed to delivering the best service and
solutions to the customers we serve, and joining SpeedCast strengthens
our abilities on all fronts,” said Jaime Dickinson, CEO of NewCom. “With
SpeedCast’s extensive experience and infrastructure, we believe that
NewCom will have the opportunity to drive further growth and advance our
commitment to provide best-in-class services in the Americas, and in
particular in the remote areas of South and Central America.”
This acquisition follows the establishment of SpeedCast’s presence in
the Americas in 2014 with the opening of our Houston office, and a
further expansion into Washington DC in 2015.
SpeedCast expects to complete the transaction by the second quarter of
2016, subject to regulatory approvals. SpeedCast was represented in the
transaction by Goodwin Procter LLP.
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