SpeedCast has announced the acquisition of Geolink Satellite Services. The closing of the transaction is subject to regulatory approval. The acquisition will strengthen SpeedCast’s fast growing services for the energy and maritime sectors, enhance its portfolio of mobile satellite solutions, and bolster its capabilities in the African region, according to the company.
Geolink is present in over 20 African countries, with key customers in the oil and gas, mining, media, NGO and maritime sectors. The company is based in Paris, France and works with a network of technical partners throughout Africa, in addition to the company's own field engineering team, for the support of its solutions.
“With the Geolink acquisition, SpeedCast expands its presence and its capabilities in the African market,” said Pierre-Jean Beylier, CEO of SpeedCast. “Geolink uniquely complements SpeedCast’s business with great strength in mobile satellite services, extensive experience in and satellite coverage over Africa, and strong customer base in the energy and maritime sectors. There are interesting synergies between the two companies, which will further enhance our ability to deliver complete end-to-end solutions to our respective customers globally.”
“We look forward to joining SpeedCast, a leader in satellite communications services,” said Christophe Pacilly, CEO of Geolink. “With SpeedCast’s experience and infrastructure, we believe that Geolink will have the opportunity to drive further growth and even better meet the needs of our customers in the oil & gas, maritime, NGO, media and government verticals.” Geolink's management team will remain with the SpeedCast group.