[Via Satellite 3-16-2015] SpeedCast International has signed a definitive agreement for the acquisition of Hermes Datacommunications International. The acquisition, expected to be completed by March 25, will provide communications and IT services to the energy sector.
The combined entity will have enhanced capabilities to serve and support energy customers worldwide, with an extended staff located in the primary energy markets around the world. The acquisition will benefit SpeedCast’s existing global energy customer base, as SpeedCast leverages Hermes Datacomms’ infrastructure, local presence and experience, to augment its own global network.
This acquisition follows the creation of SpeedCast’s energy division, aggregating all of the company’s energy business under the leadership of Keith Johnson, and the opening of SpeedCast’s new Houston office. The acquisition also complements the announced acquisition of Geolink, as it completes the strengthening of SpeedCast’s capabilities in Africa.