Deal Looks to Expand Company's Enterprise Broadband, Maritime, Mobile Data, and Voice Services Business Across North America
Calgary, Alberta, September 3, 2024 – Network Innovations, a leading global technology integrator of critical communications and related services, today announced the acquisition of Infosat Communications, a satellite services company focused on serving the remote business operations sector for more than 25 years.
The transaction was completed between Network Innovations and Infosat’s parent company, Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators. The sale will close in phases due to the required regulatory approvals, with the first closing for the vast majority of the Infosat assets having occurred on September 1, 2024.
Network Innovations’ Co-CEO and Group President, Derek Dawson, commented, “We are honored that Telesat has selected Network Innovations for this transaction and we look forward to continuing to develop our relationship with this key satellite operator. Opportunities to acquire strong franchises and teams, such as those of Infosat Communications, rarely come along. Infosat’s expertise complements our own, especially with the diverse range of connectivity offerings including the latest LEO networks, and we are confident this acquisition will enhance the creation and delivery of reliable communication solutions and services to enterprise and maritime clients across North America. We are excited to welcome Infosat to the Network Innovations family, and we look forward to serving its customers.”
About Network Innovations
Network Innovations is a global technology integrator that keeps people, places, and things connected anywhere in the world with always-available communications and networking solutions. Its customers operate in industries including government and defense, public safety, oil and gas, media, mining, utilities, recreation, and maritime. Established in 1989, Network Innovations is headquartered in Calgary, Canada, and employs over 250 industry experts across five continents. For more information, please visit www.networkinnovations.com.
Media Contact:
Ken Wilson
VP of Marketing, Network Innovations
ken.wilson@networkinnovations.com
403.835.6819
