A
December 6, 2012 announcement from Hong Kong-based SpeedCast revealed
its recent acquisition of Australian Satellite Communications (ASC.)
SpeedCast
is a global network and satcom services provider. The Company and its
majority shareholder, TA Associates, jointly acquired ASC.
ASC
delivers satellite communications services to customers across
Australia. It serves the mining and oil & gas industries, as well
as construction, government, and maritime sectors.
According
to a statement by Pierre-Jean Beylier, CEO of SpeedCast, the Company
is implenting a strategy of organic and acquisitive growth. Acquiring
ASC allows SpeedCast to consolidate its leadership in the Asian
market. It can also deepen its inroads into the oil & gas, mining
and other verticals of the the Australian market.
In
turn, ASC can provide a bigger variety of satellite communications products and services to its
customers. It can also serve clients on a global scale instead of
being limited to Australia.
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