Speedcast International Limited (ASX: SDA), the world's most trusted provider of highly reliable, fully managed, remote communication and IT solutions, today announced it has entered into a definitive agreement to acquire UltiSat for a purchase consideration of up to USD$100 million, payable over two years and subject to the ongoing financial performance of the company. UltiSat is a leading provider of remote communications and professional services to governments, in particular the US government, and to international government organizations (IGOs) and non-governmental organisations (NGOs). The acquisition strengthens Speedcast's position in the government and NGO sectors, complementing Speedcast's government activities in Australia, Asia, Europe and Latin America. Click here for more.
from Cellular News http://bit.ly/2tD7qkg
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