Speedcast to Acquire UltiSat and Create New Government Division

Speedcast International Limited (ASX: SDA), the world’s most trusted provider of highly reliable, fully managed, remote communication and IT solutions, today announced it has entered into a definitive agreement to acquire UltiSat for a purchase consideration of up to USD$100m, 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 Organisations (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.

“The UltiSat team is thrilled to join the Speedcast Group. Speedcast’s scale and global capabilities will enable us to expand the portfolio of services we can offer to our customers and to pursue new opportunities. This is an exciting development for our employees and our customers, and I look forward to taking our combined Government and IGO business to new heights over the years to come,” said Mr. Abutaleb.

Click here to read the full press release on Speedcast's website.

UltiSat

Headquartered in Gaithersburg, MD, USA, UltiSat provides a wide range of satellite communications products, services and infrastructure including Very Small Aperture Terminal (VSAT), airborne ISR/COTM, teleport, mobile satellite and professional services in support of mission-critical applications.

UltiSat delivers high-value solutions to end users in some of the most remote and harsh locations in over 130 countries on 7 continents around the globe.

With customer networks that vary from a few sites to hundreds of locations, UltiSat's technical expertise and technology-agnostic approach ensure that our customers get the best-fit / best-value solutions. UltiSat customers include U.S. and foreign government agencies, government contractors, IGOs, NGOs and multinational enterprises. 

UltiSat's global infrastructure and technical expertise means we have the reach and know-how needed to design large-scale, complex networks anywhere in the world.

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