Satellite connectivity service provider, Paratus South Africa, has announced that it has completed the acquisition of a satellite teleport via its subsidiary Maxwell Technology for an undisclosed amount.
Maxwell Technology was founded in 2007 as an independent provider of last-mile, satellite-based, connectivity and access solutions for the mining and engineering sectors in Africa.
In November 2015, Namibia-based telecommunications corporation Paratus Group acquired 100% ownership of the company through its South African business, Paratus South Africa, to gain entry into the South African market. The terms and value of the acquisition were not disclosed.
Paratus will now start with a harmonisation process to incorporate the transfer of assets and resources as well as the associated business revenue into its South African operations.
Paratus South Africa managing director Kallie Carlsen says South Africa has been operating in the satellite business segment for many years and has core competencies in this field across our African operations. “We are able to support our client base as well as create a sustainable growth model.”
Paratus Group CEO Barney Harmse says Paratus Africa is structuring itself towards an aligned focus to continue strengthening its core operations. “We are proud of the team in South Africa for successfully concluding this deal in line with our Group strategic goals. We will continue to challenge the status quo in Africa by activating our investment strategy throughout the region.”
Whilst currently functioning across Africa in the 4th Industrial Revolution, Paratus Africa is focused on providing unique propositions that demonstrate its customer experience across the region.
“Paratus South Africa is critically poised to leverage not only the expertise of the local staff but also the Group proposition across pan-Africa, providing current and potential customers with a network that can support their growth requirements throughout the multiple technologies offered in the Group,” Carlsen concludes.
Joseph Ibeh is a Mandela Washington Fellow and Senior Analyst at Space in Africa. His experience spans industry research and market analysis with a focus on African-grown NewSpace companies, commercial space industry, national space programmes and real-life application of space science for sustainable development in Africa.