SpeedCast International has agreed to buy NewCom International, in a deal which will help the Hong Kong-based company satellite communication service provider to break into the South and Central American markets.
With the acquisition Speedcast plans to strengthen its capabilities to serve and support its customers globally, including in the growing South American market, the company said in a statement.
For more than 25 years NewCom has been providing integrated satellite and terrestrial communications and engineering solutions throughout the South and Central American regions, the Caribbean, Mexico and Africa.
The US-based company specializes in the design, implementation, operations and management of critical integrated voice, video, data, content and security solutions.
It has two teleports in Miami, Florida and Lima, Peru, and has developed a variety of turnkey education, telemedicine, disaster recovery and remote office solutions to meet the demands of these fast-developing regions.
NewCom is similarly diversified as SpeedCast, serving all key verticals including government, telecom, oil and gas, maritime, NGOs, aviation and mining, according to the statement.
The acquisition gives SpeedCast a strong presence in South and Central America, where the company did not have an established direct presence, which is an important region for all of the group’s existing verticals and for a number of existing SpeedCast customers.
The deal follows the establishment of SpeedCast’s presence in the Americas in 2014 with the opening of its Houston office, and a further expansion into Washington DC in 2015.
The acquisition is expected to be completed by the second quarter of this year, subject to regulatory approval.