Sydney, Australia, August 8, 2016 – Speedcast International Limited (ASX: SDA) (“Speedcast”), a leading global satellite communications and network service provider, today announced the acquisition of WINS Limited (“WINS”), a leading Europe-based provider of innovative broadband satellite communications and IT solutions for the maritime sector.
WINS provides services to over 100 passenger carrying vessels such as cruise liners and ferries and more than 2,000 merchant shipping vessels with a portfolio of VSAT, L-Band, Accounting Authority Services and International Maritime GSM service. The combination of Speedcast’s unrivaled global service and operational network and WINS’ strong establishment in the European market will enable Speedcast to grow its business rapidly in this exciting market.
“We are very pleased to welcome WINS to our family”, Speedcast CEO, Pierre-Jean Beylier, commented. “This acquisition is further affirmation of Speedcast’s growth strategies, and is a significant milestone for us. WINS brings a strong local presence in Germany, a major maritime market, as well as expertise in the cruise industry in Europe, a fast growing user of satellite communications. Together, we are well poised to expand our network to support the growing demand of VSAT services in the maritime sector.” Pierre-Jean Beylier added.
Tony Mejlaq, Chairman and CEO of WINS said, “We founded WINS with a vision of connecting users in any location, no matter how remote. Becoming part of the Speedcast family enables us to join a group with real international connections, providing us with access to new markets. We are very excited to join the Speedcast family and deliver new service capabilities to our customers. Our customers will benefit from the enhanced customer service network and world class infrastructure.”