Harris Corporation Completes Acquisition Of Schlumberger Global Connectivity Services

Monday, April 11, 2011

Harris Corporation, an international communications and information technology company, has completed its previously announced acquisition of the Global Connectivity Services (GCS) business from an operating unit of Schlumberger.

Harris combined the former Schlumberger GCS business with its existing Maritime Communications Services business and the recently acquired CapRock Communications, and infrastructure assets from Core180's government business to form Harris CapRock Communications — the leading provider of managed communications services for remote and harsh environments including those in the energy, government and maritime industries.

Harris CapRock Communications has more than three decades of experience serving customers in more than 100 countries. The business has more than 1,400 employees, a local presence in 23 countries and a robust self-owned and operated infrastructure that includes teleports on six continents, six 24/7 Network Operation Centers and an extensive terrestrial network. Harris CapRock Communications delivers trusted and reliable comprehensive communications and IT solutions that make it possible for clients to stay focused on their missions.

Solutions from the newly combined business include mission-critical communications, converged voice, video and data, highly reliable and secure connectivity, and rapid and mobile deployments. Energy customers include national oil companies, major oil companies, independent oil companies, oil field service companies, seismic companies, oil and gas marine companies, rig owners and management companies. Maritime industry customers include international shipping and service companies. Government customers include defense, homeland security, and other federal civilian agencies.

Harris CapRock Communications also will leverage Harris' strong and expanding technology and service capabilities — along with its growing global presence — to provide integrated solutions to meet individual customer and market needs. Harris is unique in its ability to integrate advanced technology and services to capture, aggregate, distribute, and analyze any type of communications or information — including voice, video, data, and imaging.

Harris has built some of the world's most trusted networks for customers in established markets including defense, intelligence, air traffic control, public safety, and broadcast. Harris is extending this reach into new markets, including healthcare, energy, cloud computing and others.

Harris purchased the Schlumberger GCS business for $397.5M in cash, subject to post-closing adjustments. The purchase price was paid from cash on hand. The goodwill arising from the acquisition will be an allowable tax expense with an estimated net present value of $50M, resulting in an effective purchase price of $347.5M.


SOURCE: Harris Corporation


People & Company News

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

MN100: All American Marine, Inc.

The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today,

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Finance

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

UASC's Dismal Performance

United Arab Shipping Company (UASC), which is close to merging with Hapag-Lloyd, revealed enormous deficits and a massive debt in its key financial figures, says Alphaliner.

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1067 sec (9 req/sec)