Speedcast completed the acquisition of Harris CapRock from Harris for $425m.

Speedcast, a global satellite communications and network service provider, completed the acquisition of Harris CapRock, the energy and maritime business of Harris, for $425m. "The acquisition of Harris CapRock is a transformational opportunity for Speedcast. With this acquisition Speedcast becomes the global leader in the industry, with a scale that enables us to deliver world-class services and support in over 100 countries. Harris CapRock’s industry-leading product and technology portfolio also gives us the ability to deliver innovative new offerings to customers across the Maritime, Energy, Enterprise, Telecom, and Government segments. The acquisition enables us to build a leadership position in the Energy sector at an attractive stage in the market cycle. I am also excited about how the combination of Speedcast and Harris CapRock will accelerate our position in the Cruise sector, building on our acquisition of WINS Limited earlier in the year. I am thrilled to welcome the Harris CapRock team to Speedcast. Together we can expand the portfolio of services that we offer to our customers and position the combined group as an even stronger global provider of state-of-the-art communications and technology services," Pierre-Jean Beylier, Speedcast CEO.