Paris, France, Sept. 13, 2017 – Speedcast International Limited (ASX: SDA), the world’s most trusted provider of highly reliable, fully managed, remote communication and IT solutions, announced today that it has been honored as the winner of the “Strategic M&A Transaction of the Year” award for its acquisition of Harris CapRock at Euroconsult’s 14th Annual Awards for Excellence in Satellite Communications.
“We are thrilled to be honored by Euroconsult for our acquisition of Harris CapRock,” said Pierre-Jean Beylier, CEO, Speedcast. “The deal altered the landscape of communications solutions provided to the energy and cruise industries. Customers now have access to more coverage, a greater local presence, increased flexibility, a broader array of product and services options, as well as a clear pathway for them to upgrade their communications as the markets require.”
The awards recognize companies and their leaders who are transforming and driving the satellite industry, as well as contributing to growth and innovation. They are based on a performance analysis of the market players and assessed by a jury of experts from Satellite Finance and Space News, as well as Euroconsult’s analyst team. Quantitative and qualitative indicators are taken into account in the assessment.
The awards ceremony took place Sept. 13 in Paris, during the 21st World Summit for Satellite Financing.