SpeedCast Acquires Geolink Satellite Services
SpeedCast International Limited announced the acquisition of Geolink Satellite Services, part of the CETel Group. The closing of the transaction is subject to regulatory approval.
The acquisition follows SpeedCast’s acquisitions of two satellite industry players, SatComms Australia and Oceanic Broadband, in the Australasia region in the past 12 months.
Geolink Satellite Services is a provider of satellite communication solutions in the African market, servicing customers in more than 20 African countries in the oil and gas, mining, media, NGO and maritime sectors. According to global satellite communications service provider SpeedCast, the acquisition will strengthen its services for the energy and maritime sectors, enhance its portfolio of mobile satellite solutions and bolster its capabilities in the African region.
Geolink specializes in mobile satellite solutions, as well as fixed VSAT solutions, in the African market. The company also has experience providing services to the media industry in Europe. Geolink is based in Paris, France and works with a network of technical partners throughout Africa, in addition to the company's own field engineering team, for the support of its solutions.
SpeedCast said the acquisition will benefit its existing customer base, as the company is experiencing a growing number of requests for services in Africa from its Asia-Pacific customers. Further, the African continent continues to be a growth spot for VSAT services and therefore represents a new potential source of growth for SpeedCast. The Geolink acquisition adds to SpeedCast's services in the maritime sector. Joining SpeedCast, Geolink will now be able to offer its customers a wider portfolio of products and services. SpeedCast will partner with Geolink’s management team and staff to continue to deliver services to Geolink’s customers. Geolink's management team will remain with the SpeedCast group.
“With the Geolink acquisition, SpeedCast expands its presence and its capabilities in the African market,” said Pierre-Jean Beylier, CEO of SpeedCast. “Geolink uniquely complements SpeedCast’s business with great strength in mobile satellite services, extensive experience in and satellite coverage over Africa, and strong customer base in the energy and maritime sectors. There are interesting synergies between the two companies, which will further enhance our ability to deliver complete end-to-end solutions to our respective customers globally.”
