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SpeedCast Acquires ASC for Global Growth Strategy
[Satellite TODAY 12-06-12] SpeedCast and its majority shareholder TA Associates have bought out Australian Satellite Communications (ASC), the Hong Kong global network and satcom services provider announced Dec. 6.
Providing satellite-based communications throughout Australia, ASC serves customers ranging from the mining, oil and gas industries, and the construction, government and maritime sectors.
“SpeedCast is executing on its strategy of organic and acquisitive growth,” SpeedCast CEO Pierre-Jean Beylier said in a statement. “With the acquisition of ASC, SpeedCast consolidates its leadership position in Asia and extends its penetration into the important Australian market, particularly for the oil & gas and mining verticals.”
With this acquisition, ASC aims to offer its customers with a wider range of products and services and serve customers globally, beyond Australia.
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