RCBG Client ST Engineering Acquires Newtec

Chicago, IL – RCBG, a strategy and advisory firm specialized in TMT [telecom, media, technology], announced the acquisition by its client, ST Engineering (Singapore Technologies Engineering Limited), of the Newtec Group NV (Newtec), a leader in high-throughput satellite, broadband, mobility, and video distribution products and technology. The acquisition complements ST Engineering’s portfolio for satellite network operators, service providers, and commercial and government users with critical technologies and customer base.

RCBG served as advisor to ST Engineering.

“We congratulate ST and (U.S. subsidiary) iDirect on this exciting transaction for expanding their satellite communication business, market leadership, and future capabilities,” offered William Markey, President of RCBG. “Scale and innovation are what the industry needs to serve the next-generation of high-speed connectivity for aviation, maritime, smart cities, and IoT. We applaud iDirect and Newtec on the vision, and look forward to their growth within ST Engineering”.

ST Engineering’s existing capabilities include leading Very Small Aperture Terminal (VSAT) products for the enterprise, defense and mobility market segments, having led the industry’s transition to High-Throughput Satellite (HTS) managed services. Customers include global satellite operators including Inmarsat, Intelsat, SES and others.

The aggregate purchase consideration of €250m is on a cash-free and debt-free basis, subject to closing adjustments for net debt and debt-like items, and net working capital. The transaction is subject to customary regulatory approvals and is expected to close in the second-half of 2019.

About RCBG
RCBG provides business strategy and advisory services for companies and investors. The firm helps identify and execute on strategic opportunities, often those created by emerging technologies in TMT [telecom, media, technology]. Our support allows leadership to operate from an informed perspective, alert to what is possible, and ultimately worth time and capital. Clients include the leading telecom service providers, their infrastructure partners, the F500, and strategic investors including corporate, venture capital and private equity.

RCBG is headquartered in Chicago, IL.

For more information, please call +1 312 628 6400 or visit www.rcbg.com

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