SpeedCast International Limited has signed a definitive agreement for the acquisition of Hermes Datacommunications International Ltd, (“Hermes Datacomms”).
The company specialises in providing a broad range of communications services including satellite communications, fibre connectivity and radio services for the oil & gas industry, to some of the most remote and challenging locations in the world, both onshore and offshore.
“This game changing acquisition opens a new chapter for our energy business, greatly expanding the scale, scope and capabilities of our business,” said Pierre-Jean Beylier, CEO of SpeedCast.
“Hermes Datacomms has amazing experience servicing oil & gas customers in very demanding locations.
“It is an ideal fit for SpeedCast and a very important milestone towards our objective to be a leading global player in the energy sector, following previous steps taken with the recruitment of Keith Johnson and the announced acquisition of Geolink.
“Hermes Datacomms is a unique asset that brings us capabilities and relationships that would otherwise be difficult and long to acquire. There are extensive synergies for the unified company, which will further enhance our ability to deliver complete end-to-end solutions to our customers globally.
“SpeedCast is now strongly equipped to compete globally in the oil & gas sector and deliver long term growth.”
