TA Associates, a private equity firm with offices in Boston, said that Hong Kong-based SpeedCast Ltd., has completed a buyout of Elektrikom Satellite Services, a Dutch company that provides maritime satellite communications services.
TA is the majority shareholder of SpeedCast, a provider of global network and satellite communications services.
“The combination of Elektrikom and SpeedCast’s maritime business unit will form one of the top maritime satellite communications service providers in the world,” SpeedCast said in a press release.
This acquisition follows SpeedCast’s acquisition of Australian Satellite Communications, a satellite communications service provider in Australia.
TA has been active in Asia. Its September 2012 buyout of SpeedCast was the firm’s eighth investment in Asia.