[Via Satellite 11-05-2015] RigNet<\/b> has signed a definitive agreement to acquire Orgtec S.A.P.I. de C.V., d.b.a. Tecnor<\/b>, a Monterrey, Mexico-based telecommunications solutions provider for remote sites on land, sea and air. Both companies have approved the transaction, which is expected to close in early 2016, subject to customary closing conditions and regulatory approvals.<\/p>\n
\u201cThe opening up of Mexico\u2019s energy market to foreign investment and expertise has been the primary catalyst for this transaction, as it strengthens RigNet\u2019s local presence and know-how to serve the oil and gas market while also positioning RigNet in other end vertical markets within Mexico,\u201d said Mark Slaughter, CEO and president of RigNet. \u201cLonger term, this acquisition will augment RigNet\u2019s existing presence in Latin America, allowing for more rapid expansion across the region.\u201d<\/p>\n
Founded in 2002, Tecnor provides a wide array of equipment, voice and data services, satellite coverage, and bandwidth options in Mexico. The company\u2019s customers include industrial, commercial and private users ranging from military to oil and gas to commercial fishing and leisure boats.<\/p>\n
\u201cTecnor is a premier provider of remote communications and [Supervisory Control And Data Acquisition] SCADA solutions in Mexico, with established relationships with key oil and gas and governmental customers,\u201d said Santiago Zubiria, Tecnor CEO and president. \u201cThe combined businesses should accelerate revenue growth and offer a wider array of solutions in Mexico initially and further into Latin America over time.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
[Via Satellite 11-05-2015] RigNet has signed a definitive agreement to acquire Orgtec S.A.P.I. de C.V., d.b.a. Tecnor, a Monterrey, Mexico-based telecommunications solutions provider for remote sites on land, sea and air. Both companies have approved the transaction, which is expected to close in early 2016, subject to customary closing conditions and regulatory approvals. \u201cThe opening […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-72755","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/72755"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=72755"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/72755\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=72755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=72755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=72755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}