SpeedCast International Limited (SpeedCast), a satellite communications service provider, has revealed the acquisition of Geolink Satellite Services, a provider of satellite communications solutions in the African region.
While acquisition is still in the works, SpeedCast revealed that the closing of the transaction is still subject to regulatory approval. According to SpeedCast, the acquisition is set to strengthen its services for the energy and maritime sectors, enhance its mobile satellite solutions, and bolster its capabilities in the African region.
Geolink Satellite Services (Geolink) is a provider of satellite solutions in the African market and has strong positions in the maritime industry.
According to Geolink, it currently serves over 20 African countries, with customers in the oil & gas, mining, media, NGO and maritime sectors. Geolink specialises in mobile satellite solutions, as well as fixed VSAT solutions, in the increasingly important African market.
With this acquisition, SpeedCast will enhance its capabilities to serve and support its customers in the African market, a key area of operations for the energy sector. The acquisition will benefit SpeedCast’s existing customer base, as SpeedCast is experiencing a growing number of requests for services in Africa from its Asia-Pacific customers. Furthermore, the African continent continues to be a growth spot for VSAT services and therefore represents a new potential source of growth for SpeedCast. Last but not least the Geolink acquisition adds to SpeedCast’s growing leadership in providing services to the maritime sector.
“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.”
“We look forward to joining SpeedCast, a leader in satellite communications services,” said Christophe Pacilly, CEO of Geolink. “With SpeedCast’s experience and infrastructure, we believe that Geolink will have the opportunity to drive further growth and even better meet the needs of our customers in the oil & gas, maritime, NGO, media and government verticals.” Geolink’s management team will remain with the SpeedCast group.
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.