RigNet to acquire TECNOR, a Mexican remote communications provider

RigNet Inc. (NASDAQ: RNET), a global provider of managed remote communications solutions, telecoms systems integration services, and collaborative applications to the oil and gas industry, has signed a definitive agreement under which it will acquire Orgtec SAPI de CV (TECNOR). Both companies have approved the transaction, which is expected to close in early 2016.

“The opening up of Mexico’s energy market to foreign investment and expertise has been the primary catalyst for this transaction, as it strengthens RigNet’s local presence and know-how to serve the oil and gas market while also positioning RigNet in other end vertical markets within Mexico,” said Mark Slaughter, RigNet’s CEO and president. “Longer term, this acquisition will augment RigNet’s existing presence in Latin America, allowing for more rapid expansion across the region.”

Founded in 2002, TECNOR provides remote communications and SCADA solutions in Mexico. The company provides telecommunications solutions for remote sites on land, sea, and air, including a wide array of equipment, voice, and data services, satellite coverage, and bandwidth options.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...