SpeedCast to acquire Harris CapRock

Harris CapRock, headquartered in Houston, Texas, is a provider of managed satellite, terrestrial and wireless communications solutions, primarily for the maritime and energy markets. SpeedCast says the acquisition strengthens its position in the maritime industry, in which it says Harris CapRock has a leading position in the fast-growing and bandwidth-hungry cruise sector, and creates a global leader in energy, positioning the company for future growth.
The combined entity will service over 6,200 vessels, hundreds of rigs and platforms, and enterprise and government customers around the world with a wide portfolio of communications and IT services, and an “industry-leading” global support network, according to SpeedCast. It says this expanded global footprint and infrastructure, with over 240 field engineers around the world, will enable it to provide "best-in-class services" and support to its customers in over 100 countries.
The transaction is expected to be completed by the end of the first quarter of 2017, subject to customary closing conditions, including anti-trust and regulatory approval, SpeedCast says.