(update: addition of final paragraph)
Private equity firm EQT is acquiring satellite operator Speedcast’s ground station business through its portfolio company SatPort Infrastructure for approximately USD 300 million. EQT confirms the deal in a press release, while information about the price tag comes from sources familiar with the matter cited by Bloomberg News.
The acquisition comprises 12 ground stations across five continents and approximately 100 employees who will transfer to SatPort.
The business will continue to serve Speedcast under a long-term service agreement.
The deal strengthens EQT’s investment in satellite infrastructure as demand for ground-based communications services increases.
The investment is being made through the EQT Infrastructure VI fund, which including this deal is expected to be 80-85 percent invested, including completed or agreed investments and similar.
