SpeedCast Ltd Announces Buyout of Pactel
International
22 April, 2013
SpeedCast Ltd announced the buyout of Pactel
International, a leading satellite
communications service provider based in
Australia. The closing of the transaction is
subject to regulatory approval. The
acquisition will consolidate SpeedCast’s
leadership position in the Asia-Pacific
region and provide SpeedCast with an
expanded presence in Australia and the
Pacific.
Pactel International (“Pactel”) provides
satellite communications solutions
throughout Australia and the Pacific. The
company focuses on servicing its customers’
requirements for Internet, private
networking and voice services. Founded in
1999, Pactel is headquartered in Sydney,
Australia, and has additional offices in
Perth, Australia and Jakarta, Indonesia.
Pactel has established itself as the leading
satellite communications service provider in
the Pacific region, with a diverse group of
customers including telecoms, large oil &
gas operators, governments and multinational
mining companies. Pactel is well known for
its expertise and ability to deliver
complete communications solutions, including
complex data networks and IT solutions for
their customers.
With this acquisition, SpeedCast will offer
unique engineering capabilities with over 50
skilled engineers across the Asia-Pacific
region, allowing it to continue to support
its growing base of customers and partners
there. SpeedCast’s network of 25 teleports
worldwide provides global services with
unmatched flexibility and redundancy. With
this solid foundation, SpeedCast has the
ability to deliver custom-engineered and
highly reliable communications solutions for
its customers across all major industry
segments.
In particular, in the Australian market,
SpeedCast will further extended its
stronghold with new points of presence and
infrastructure covering the entire continent
from Sydney to Perth, from Darwin to
Adelaide. SpeedCast will be well-positioned
to serve its growing number of natural
resource customers and support their
mission-critical communications in Australia
and around the world.
In the Pacific Island market, SpeedCast is
acquiring a market leader with a marquee
customer list and deep inroads into this
expansive market. Pactel is well established
in the region as a long-time provider of
reliable satellite connectivity. SpeedCast
is fully committed to continue providing
high-quality satellite services to the
Pacific region and to further expand its
business there with an even broader
portfolio of products and services.
“With the Pactel acquisition, SpeedCast will
further consolidate its Asia-Pacific
leadership and its commitment to the
Australian market and the Pacific islands,”
said Pierre-Jean Beylier, CEO, SpeedCast.
“We will be able to offer unprecedented
levels of service and support to our
customers.”
Joining the SpeedCast Group, Pactel will be
able to offer its customers a wider
portfolio of products and services and
better serve its customers’ needs worldwide.
With SpeedCast’s financial and logistical
strength, Pactel will be able to finance
even larger-scale projects with short lead
times. SpeedCast will leverage Pactel’s
outstanding team to continue to provide
excellent services to existing Pactel
customers, while augmenting SpeedCast’s own
team and expertise. In particular, Pactel's
management team will continue with SpeedCast
to further develop SpeedCast’s business in
Australia and the Pacific. Pactel’s Sydney
network operations center (“NOC”) and
teleports will complement SpeedCast’s
current Australian infrastructure, adding
additional points of presence in this
important market. The combination will also
provide additional levels of redundancy for
the Australian customers of both companies
and also offer multiple landing points in
the country.
“We look forward to joining SpeedCast, a
leader in satellite communications services
in Asia-Pacific,” said Andrew Taylor, CEO at
Pactel. “With SpeedCast’s experience and
infrastructure, we believe that Pactel will
have the opportunity to drive further growth
and advance our commitment to providing our
customers with reliable and efficient
solutions.” Pactel’s Executive Director,
Steffen Holzt added, “We see a great
opportunity to offer our customers a broader
range of satellite services and solutions,
global satellite coverage and worldwide
engineering support.” Mr. Taylor and Mr.
Holzt will remain with the new merged entity
and take on leadership roles within
SpeedCast.
This acquisition follows SpeedCast's
acquisitions of Australian Satellite
Communications (“ASC”) and Elektrikom
Satellite Service (“Elektrikom”), two
leading service providers in their
respective markets.