Speedcast Expects to Close on Globecomm Acquisition in Q4
Satellite and terrestrial network operator Speedcast International will buy Globecomm Systems for an estimated $135 million, Speedcast said Monday. It said the Globecomm deal will beef up its portfolio of offerings of remote communications and multi-network infrastructure to government, maritime…
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and enterprise sectors. It also said the deal complements the recent acquisition of UltiSat (see 1707280010), with more scale and capabilities in the government sector. Speedcast said the deal is expected to close in Q4.