Adelaide-based Australian Satellite Communications (ASC) has been acquired by network and satellite communications service provider, SpeedCast.
SpeedCast provides managed networks services in more than 30 countries throughout Asia, the Middle East and Africa. It is owned by private equity firm, TA Associates.
ASC provides satellite-based communications solutions throughout Australia and surrounding regions, focusing on the mining and oil and gas industries, as well as the construction, government and maritime sectors.
SpeedCast CEO, Pierre-Jean Beylier, said ASC was an ideal fit into SpeedCast’s global growth strategy.
“SpeedCast is executing on its strategy of organic and acquisitive growth. With the acquisition of ASC, SpeedCast consolidates its leadership position in Asia and extends its penetration into the important Australian market, particularly for the oil and gas and mining verticals,” Beylier said.
ASC was founded in 1985 and owns and operates its primary teleport, and runs sales and support centres.
“ASC is an ideal, highly complementary partner for SpeedCast,” TA Associates Asia Pacific managing principal, Edward F. Sippel, said. “ASC’s founders, Chris and Kathy Joseland, have done a superb job growing the company by providing customers with high quality, mission-critical services, often in very remote and challenging locations. We are thrilled to join with ASC and its outstanding management team in this transaction.