The private shareholders of Tecnor have sold the company to RigNet, Inc. for an undisclosed consideration.
Tecnor is a leading provider of 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 in Mexico.
RigNet, Inc. is a leading global provider of digital technology solutions serving remote locations, including energy facilities and maritime vessels. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing, crew welfare, asset monitoring and real-time data services. The company is based in Houston, Texas, and has operations around the globe.
Oaklins' team in Mexico advised the seller in this transaction. .
Santiago Zubiria, Senior Partner at Tecnor, said: “Having the confidence that the Mexican team is highly qualified and with the support of one of the largest M&A networks worldwide, we put our trust on them to guide us through the process. From the initial overview of our company through the final negotiations, the team always had the ability to keep our best interest in mind and close a successful transaction for both Tecnor and RigNet.”
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