M&A Deal Summary

RigNet Acquires Orgtec S.A.P.I. de C.V

On February 4, 2016, RigNet acquired communications company Orgtec S.A.P.I. de C.V

Acquisition Highlights
  • This is RigNet’s 5th transaction in the Communications sector.
  • This is RigNet’s 1st transaction in Mexico.

M&A Deal Summary

Date 2016-02-04
Target Orgtec S.A.P.I. de C.V
Sector Communications
Buyer(s) RigNet
Deal Type Add-on Acquisition

Target

Orgtec S.A.P.I. de C.V

Monterrey, Mexico
Orgtec S.A.P.I. de C.V (dba TECNOR) is a provider of telecommunications solutions and services for remote sites on land, sea and air, including a wide array of equipment, voice and data services, satellite coverage and bandwidth options in Mexico.

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Buyer(S) 1

Buyer

RigNet

Houston, Texas, United States

Category Company
Founded 2000
Sector Communications
Revenue 243M USD (2019)
DESCRIPTION

RigNet, Inc. is a provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet was founded in 2000 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 10
Sector: Communications M&A 5 of 6
Type: Add-on Acquisition M&A Deals 3 of 8
Country: Mexico M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 Timas Munaicom TOO

Almaty, Kazakhstan

Timas Munaicom TOO is an oilfield communications company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Cyphre Security Solutions

Austin, Texas, United States

Cyphre Security Solutions is a cybersecurity company that provides the most advanced enterprise data protection available on the market today. Cyphre's hardware-based encryption features low latency protection for files at rest and in transit for both public and private cloud, providing higher levels of granularity and control than previously seen in the market. Cyphre Security Solutions was established in 2014 and is headquartered in Austin, Texas.

Buy -