M&A Deal Summary

Singapore Technologies Acquires Newtec

On March 27, 2019, Singapore Technologies acquired communications company Newtec for 250M EUR

Acquisition Highlights
  • This is Singapore Technologies’ 1st transaction in the Communications sector.
  • This is Singapore Technologies’ 0th largest (disclosed) transaction.
  • This is Singapore Technologies’ 1st transaction in Belgium.

M&A Deal Summary

Date 2019-03-27
Target Newtec
Sector Communications
Buyer(s) Singapore Technologies
Deal Type Add-on Acquisition
Deal Value 250M EUR

Target

Newtec

Sint-Niklaas, Belgium
website
Newtec is a technology provider in the satellite broadcast segment with unique ultra-high throughput capabilities and a strong presence in the European satcom market. It has a range of cost-effective consumer satellite terminals, and industry-leading bandwidth efficiency technology.

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Buyer(S) 1

Buyer

Singapore Technologies

Singapore, Singapore

website


Category Company
Founded 1997
Sector Defense
Employees23,103
Revenue 7.2B SGD (2020)
DESCRIPTION

Singapore-homegrown engineering group specializing in innovative solutions and services in the Aerospace, Electronics, Land Systems and Marine sectors. Singapore Technologies Engineering was founded in 1997 and is based in Singapore.


DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Belgium) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Aethon

Pittsburgh, Pennsylvania, United States

Aethon, Inc. is a designer and manufacturer of courier robots for hospitals for tracking and recovering goods, finding and delivering goods, depending on the hospital's specialized needs. Aethon, Inc. was founded in 2004 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-12 Singapore Test Services

Singapore, Singapore

Singapore Test Services is a provider of materials testing, chemical and environmental testing, calibration and certification. Singapore Test Services is based in Singapore.

Sell -