Thursday, December 6, 2012

SpeedCast announces acquisition of Australian Satellite Communications


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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