SpeedCast, an international satellite services provider, has announced the buyout of SatComms Australia. The closing of the transaction is subject to regulatory approval. The acquisition will further consolidate SpeedCast’s position in the Asia-Pacific region and provide it with an expanded presence in Australia.
SatComms Australia is a specialised provider of mobile and fixed satellite solutions in the Australian market and Asia Pacific region. The company services customers in the natural resources, maritime and government sectors. Based in Queensland, SatComms has a teleport and operations centre in Henderson, Western Australia.
“With the SatComms acquisition, SpeedCast expands it presence and its commitment to the Australian market, and marks our third acquisition in Australia in just 18 months,” says Pierre-Jean Beylier, CEO of SpeedCast.
“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. 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.”
SpeedCast has also announced the appointment of Michael Malone as a non-executive Board Director and the appointment of John Mackay as Chairman of the Board.
Michael Malone was the former CEO of iiNet while John Mackay was the former Chairman and CEO of TransACT Communications. Mackay takes over the Chairman role from Edward Sippel, Managing Director for TA Associates, who will continue to serve on the Board.