Press Release November 04, 2016

SpeedCast to Acquire Harris CapRock for $425M

Goodwin represented SpeedCast International Limited (ASX: SDA), a leading global satellite communications and network service provider, in its announced definitive agreement to acquire Harris CapRock in a cash transaction valued at $425 million. Harris CapRock is a global leader in the energy and maritime segments. The acquisition strengthens SpeedCast’s already strong position in the maritime industry and creates a global leader in energy, positioning the company for future growth.

SpeedCast is a leading global satellite communications and network service provider, offering high-quality managed network services in over 90 countries and a global maritime network serving customers worldwide. With a worldwide network of 43 sales and support offices and 39 teleport operations, SpeedCast has a unique infrastructure to serve the requirements of customers globally.

Harris is a leading technology innovator, solving customers’ toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports customers in more than 100 countries and has approximately $7.5 billion in annual revenue and 21,000 employees worldwide. The company is organized into four business segments: Communication Systems, Space and Intelligence Systems, Electronic Systems and Critical Networks.

Goodwin previously represented SpeedCast in its 2015 acquisition of NewCom International.

The Goodwin team advising SpeedCast was led by partner Yash Rana and counsel Benton Bodamer and included partners Daniel Karelitz, Milena Tantcheva, Richard Matheny, Albert Solecki and Scott Webster and counsel Todd Hahn.

For more information on the transaction, please view the press release.