ST Engineering Closes Acquisition

Chicago, IL – RCBG, a strategy and advisory firm specialized in TMT [telecom, media, technology], shared the closing of 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, following the completion of conditions and applicable regulatory approvals in the United States and Europe.

The €250M share purchase in cash for 100% ownership of Newtec, on a cash- and debt-free basis, was announced earlier in 2019.  Newtec will be renamed as ST Engineering iDirect (Europe) NV.

RCBG served as the strategic advisor to ST Engineering.

Please find further detail here: https://www.stengg.com/en/newsroom/news-releases/st-engineering-positions-for-growth-in-satcom-market-with-offer-to-acquire-newtec-for-250m/

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