SpeedCast Ltd. is buying SatComms Australia to expand in the Asia-Pacific region.
SatComms, headquartered in Queensland, Australia, provides mobile and fixed-satellite services in the Australian market and Asia-Pacific region. Terms of the deal were not disclosed.
The deal gives satellite services provider SpeedCast new infrastructure in the Australian market. SpeedCast, headquartered in Hong Kong, opened up an office in Perth, Australia in February. The company is owned by Boston private equity firm TA Associates, which bought the company in September 2012for about $32