SpeedCast Buying Harris CapRock

SpeedCast International expects to close on its proposed buy of Harris CapRock by the end of Q1, the company said in a news release Tuesday announcing the $425 million deal. SpeedCast said it would give it a bigger footprint in maritime as well as presence in the energy industry. With Harris CapRock, SpeedCast's customer base would include more than 6,200 vessels, hundreds of rigs and platforms and various government customers. SpeedRock said the deal requires antitrust and other regulatory approval.