December 17, 2018 – Speedcast International announced that on December 14, 2018 it completed the acquisition of Globecomm Systems for cash consideration of $134 million (net of cash acquired). Globecomm is a leading provider of remote communications and multi-network infrastructure in over 100 countries and the acquisition strengthens Speedcast’s global leadership with enhanced competitive positions in Government, Maritime, and Enterprise. The acquisition complements Speedcast’s acquisition of UltiSat in November 2017 by doubling Speedcast’s revenue in the Government sector and adding more scale, visibility and capabilities in this growth market. In addition, Globecomm will benefit from Speedcast’s scale and capabilities in the Maritime and Enterprise sectors.