Satellite communications provider Globecomm has agreed to acquire UltiSat for $135 million , in a move that will boost the company’s expansion into the defence market. Speedcast said its size when combined with Globecomm will position the company to win larger, more complex defense contracts than before. The purchase will see Speedcast double its revenue from government customers, and follows the company’s the first half of 2018 acquisition of Speedcast , which enabled Speedcast to enter the government services market.
Satellite communications provider Globecomm has agreed to acquire UltiSat for $135 million , in a move that will boost the company’s expansion into the defence market. The purchase will see Speedcast double its revenue from government customers, and follows the company’s the first half of 2018 acquisition of Speedcast , which enabled Speedcast to enter the government services market.