SpeedCast Ltd, has completed, with the support of its majority shareholder, TA Associates, a buyout of maritime services provider Elektrikom Satellite Services, based in the Netherlands.
Elektrikom provides satellite and wireless-based communications solutions to the maritime industry. The Company focuses on the high-end segments of the maritime market, including the oil & gas and offshore supply segments. Founded in 1985, Elektrikom is headquartered in Rotterdam, Netherlands, where it enjoys a strong position in this key maritime shipping hub, and also serves customers and partners throughout Europe.
Elektrikom has established itself as one of the leading maritime satellite service providers in Europe, with a marquee list of customers ranging from major shipping companies to offshore supply companies. Elektrikom is well known for its expertise and ability to deliver custom-engineered communication solutions for its customers, including various types of satellite communications, such as Ku-band & C-band VSAT services and L-band services, as well as wireless technologies and a range of IT services.
Joining the SpeedCast Group, Elektrikom will be able to offer its maritime customers a wider portfolio of products and services, including land-based services, and to better serve its global customers’ needs in Asia. Elektrikom will also benefit from SpeedCast’s broad range of engineering capabilities worldwide, with certified field engineers able to support maritime services and antennas onboard vessels and platforms. These extensive support resources are strategically located in Hong Kong, Singapore, Indonesia, Malaysia, China, Dubai, and Australia, in addition to Elektrikom’s own presence in the Netherlands.
SpeedCast will leverage Elektrikom’s strength in Europe, with its strategic Rotterdam base, to further penetrate the important European market, as well as deliver continuity of experience for Elektrikom’s existing customers. Elektrikom’s worldwide satellite communications infrastructure will complement SpeedCast’s existing global network, adding an overlay network which will provide redundancy and backup, as well as introducing new options for SpeedCast’s global customer base, according to the company.
This acquisition follows shortly after SpeedCast's acquisition of Australian Satellite Communications ("ASC"), a leading satellite communications service provider in Australia. ASC is very active in serving customers in the natural resource market, in particular the oil & gas industry, which complements Elektrikom’s position serving the oil & gas and offshore industries in Europe.
