M&A Deal Summary

SpeedCast Acquires SAIT Communications

On July 28, 2015, SpeedCast acquired communications company SAIT Communications

Acquisition Highlights
  • This is SpeedCast’s 3rd transaction in the Communications sector.
  • This is SpeedCast’s 1st transaction in Cyprus.

M&A Deal Summary

Date 2015-07-28
Target SAIT Communications
Sector Communications
Buyer(s) SpeedCast
Deal Type Add-on Acquisition

Target

SAIT Communications

Cyprus
SAIT Communications Ltd. is a provider in the sales and technical services in the field of communications to the maritime industry.

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Buyer(S) 1

Buyer

SpeedCast

Houston, Texas, United States

Category Company
Founded 1989
Sector Communications
Revenue 118M AUD (2014)
DESCRIPTION

Speedcast is a provider of remote communications and IT services in the world. Speedcast’s fully managed service is delivered via a global, multi-access technology, multi-band and multi-orbit network of 70+ satellites, and an interconnecting global terrestrial network, bolstered by extensive on-the-ground local support from 40+ countries. This global “network of networks” allows customers to fully rely on the most robust, integrated infrastructure available in the market for their mission-critical applications. Speedcast is uniquely positioned as a strategic business partner, tailoring communications, IT, and digital solutions to meet unique customer needs and enable business transformation. With a passionate customer focus and a strong safety culture, Speedcast serves more than 2,000 customers in more than 140 countries in sectors such as Maritime, Energy, Mining, Enterprise, Media, Cruise, NGOs and Government. Speedcast was founded in 1989 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 8
Sector (Communications) 3 of 7
Type (Add-on Acquisition) 3 of 7
Country (Cyprus) 1 of 1
Year (2015) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-10 NewSat

Southbank, Australia

NewSat Ltd. is a provider of managed satellite communication services, delivering internet, voice, data and video communications via satellite.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-13 ST Teleport Pte

Singapore, Singapore

ST Teleport Pte Ltd. is a full-service satellite communications solution provider that connects businesses seamlessly and reliably through a diverse network of major satellite systems, terrestrial network infrastructures and internet exchanges.

Buy -