Speedcast
Snaps-up
NewSat from
Receivers
for A$12m
10
July 2015
SpeedCast
International
Limited has
acquired the
assets of
the teleport
and
satellite
services
business of
NewSat from
its
receivers.
The assets
include the
land &
buildings at
NewSat’s
teleport
facilities
in Adelaide
and Perth
and the
associated
plant &
equipment,
as well as
most of the
customer and
supplier
contracts.
SpeedCast is
also
retaining 20
key
employees,
in the
operations &
engineering
department
and in
sales,
including in
the US.
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,” Mr.
Beylier
added.
