SpeedCast Acquires NewCom

Global satellite communications service provider SpeedCast International Limited announced it has signed a definitive agreement for the acquisition of NewCom International, a satellite communications service provider specializing in the South and Central American regions. SpeedCast expects to complete the transaction by the second quarter of 2016, subject to regulatory approvals.

 

NewCom has over 25 years of experience providing integrated satellite and terrestrial communications and engineering solutions throughout the South and Central American regions, the Caribbean, Mexico and Africa, where it has been leading the way and has built a reputation for the quality and innovation of its services. NewCom is similarly diversified as SpeedCast, serving all key verticals including government, telecom, oil and gas, maritime, NGOs, aviation and mining.

 

Based in Miami, Fla., NewCom has two teleports in Miami and Lima, Peru, which provide strategic infrastructure to service its customer base throughout the Americas. NewCom has staff spread across the Americas including Miami, Peru, Columbia and Mexico, and has developed a variety of turnkey education, telemedicine, disaster recovery and remote office solutions to meet the demands of these fast-developing regions.

 

The acquisition opens a new growth frontier for SpeedCast in a region where satellite is widely used and SpeedCast did not have a direct presence, the company said. SpeedCast intends to leverage NewCom’s infrastructure and local presence to gain in operational flexibility and redundancy and enhance its support and logistics capabilities. NewCom also strengthens SpeedCast’s presence and infrastructure in North America, with a major office and teleport in Miami, a key hub for the yachting, cruise and government market segments, an office in Mexico, and a management team that will further strengthen SpeedCast Americas’ organization.

 

“I am thrilled to see NewCom joining the SpeedCast group as it is a well-recognized organization with a strong market position in South and Central America, a major and growing region for satellite services. NewCom fills a gap in our capabilities and we can now state that we are truly global and capable of serving our customers wherever they are.” said Pierre-Jean Beylier, CEO of SpeedCast. “There is a real growth opportunity for SpeedCast in the Americas that we will now be able to better realize. With NewCom’s infrastructure, local presence, relationships and experience, combined with SpeedCast’s strengths, we are well positioned to deliver innovative and value creating solutions to customers in the Americas.”

 

Joining SpeedCast, NewCom will be able to offer its customers a wider portfolio of products and services, and better serve its customers’ needs worldwide. It will also leverage SpeedCast’s global network and financial strength to chase larger projects. NewCom’s growth potential will be better realized with SpeedCast’s capabilities and strengths. SpeedCast will partner with NewCom’s experienced management team and employees to continue to provide best-in-class services to NewCom’s customers.

 

This acquisition follows the establishment of SpeedCast’s presence in the Americas in 2014 with the opening of our Houston office, and a further expansion into Washington DC in 2015.