PMV and SmartFin Capital acquired a significant stake in Newtec, a world-renowned specialist in satellite communications with offices in eight different countries.
Their specialty R&D cleared the path for an impressive array of innovations, partnerships, standardization and industry recognition.
Newtec plays a crucial role in the worldwide satellite communications industry. Over two billion people daily watch television thanks to Newtec technology.
With over 300 employees worldwide and branches in Belgium, Germany, France, the United States, Brazil, Singapore, and Dubai Newtec epitomises growth through internationalisation.
SmartFin Capital and PMV eacht take a 26% stake in the company.
Eubelius acted in this transaction as legal counsel to the founders of Newtec with a team led by Matthias Wauters (picture) and Jörg Heirman.
Law Firms: Eubelius;
Clients: Newtec Cy N.V.;