Newtec

Newtec was founded in 1985 by engineers Dirk Breynaert and Jean-Marie Maes. Their vision led to the creation of a company that is a pioneer in satellite communications. The focus on R&D paved the way for an impressive list of innovations, partnerships, standardisations and industry recognition. Newtec plays a crucial role in the global satellite communications sector.

More than 2 billion people can watch television images every day thanks to Newtec’s technology. Broadcasters, satellite operators and telcos around the world rely on Newtec equipment to operate their digital television transmission networks. Technological innovation is the engine behind Newtec’s strong growth.

With over 300 employees worldwide and own locations in Belgium, Germany, France, the US, Brazil, Singapore, Dubai and China, Newtec is an example of growth through internationalisation.

PMV has contributed to Newtec’s growth and development since 2012 through a €16 million risk-bearing investment loan as part of an over €50 million R&D project. From 2014 to 2016, Newtec achieved very strong growth with a 62% increase in revenue to 72 million euro. In 2017 SmartFin Capital and PMV each took a 26% stake in Newtec.

In 2019, Newtec was sold to the Singaporean group ST Engineering. Newtec thus became the European centre for ST Engineering’s satellite communications business and is now part of the electronics division.