Mobile satellite services provider Applied Satellite Technology (AST) has bought out the minority shareholders in its Australian subsidiary, AST Australia.
Financial details were not disclosed.
AST Australia was formed in 2002 following the merger of…
Mobile satellite services provider Applied Satellite Technology (AST) has bought out the minority shareholders in its Australian subsidiary, AST Australia.
Financial details were not disclosed.
AST Australia was formed in 2002 following the merger of AST UK, HB Pacific Pty Ltd and SatTel Australia. The latter two companies were formed by Henrik Jacobsen, with HB Pacific a marine electronics service company and SatTel Australia a satellite communications solutions provider.
Jacobsen, who was also managing director of AST Australia, is understood to be the minority shareholder that was bought out.
Following the buyout, a new management team has been put in place at AST Australia. Richard Coston will head up the subsidiary as general manager and sales director, Grant Jamieson has been named technical manager and Neil Jamieson its regional manager.
AST points out that its Australian unit was recently awarded a sizable and long term satellite network services contract with the Australian Customs and Border Protection Service (ACBPS). The contract will see AST resell products from Inmarsat, Iridium and Cobham.
Gregory Darling, founder and managing director of AST, commented: “This is a very positive move for the AST Group, and we will continue to invest in the growth of AST Australia, which has some exciting products and solutions to take to market.”
AST is part of The Gardline Group, a holding company comprising more than 35 companies predominantly focused on the maritime industry.
