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SpeedCast to Acquire UtiliSat and Create New Government Division

July 24, 2017 - Speedcast International Limited has entered into a definitive agreement to acquire UltiSat for a purchase consideration of up to USD100m, payable over 2 years and subject to the ongoing financial performance of the company. UltiSat is a leading provider of remote communications and professional services to governments, in particular the US Government, and to International Government Organizations (IGOs) and Non-Governmental Organisations (NGOs). The acquisition strengthens Speedcast's position in the Government and NGO sectors, complementing Speedcast's government activities in Australia, Asia, Europe and Latin America. UltiSat CEO Mohammed G. Abutaleb will lead the newly-formed Government division at Speedcast that will be focused on providing communication solutions and professional services to Speedcast's and UltiSat's existing and new Government and IGO customers, as well as driving new growth in the nearly $5B market for government and military satellite communications.

 
 
 
 
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