AUS
NZ
UK
CA
USA
IND
Highlights
- DXN secures $4.6M contract for satellite infrastructure
- Finalises SDC acquisition to boost data capabilities
- Strengthens position in global communications market
Infrastructure solutions provider DXN (ASX:DXN) is making significant strides in its global expansion strategy with a new multimillion-dollar contract and a completed acquisition aimed at scaling its capabilities in the data centre and satellite communication sectors.
The company has secured a $4.6 million contract with Globalstar, a prominent US telecommunications player, for the supply of three advanced prefabricated modular data centres. These data centres will be deployed at a site in Maui, Hawaii, further expanding DXN’s footprint in the high-demand and mission-critical satellite communications space.
This milestone contract showcases DXN’s ability to deliver customised, high-spec modular infrastructure tailored to the needs of the satellite and telecommunications industries. With a strong record of serving government, defence, and remote industrial operations, DXN continues to build a reputation for reliable and scalable infrastructure solutions.
According to managing director Shalini Lagrutta, the Globalstar deal is a testament to the company’s growing relevance in emerging sectors.
“This contract affirms our unique value in delivering mission-critical infrastructure and we are excited about the positive impact it will have on our business,” she noted.
The modules are scheduled for delivery to Globalstar’s Maui site by the end of the year, reinforcing DXN’s global execution capabilities and supporting its scale-up strategy.
In a strategic move to solidify its domestic operations, DXN has also finalised the acquisition of Secure Data Centre (SDC) in Darwin. The $2.1 million acquisition, now fully funded through a $5 million loan facility, marks a key investment in the Northern Territory’s only commercial stand-alone data warehouse.
SDC’s Darwin CBD-based facility is equipped with advanced infrastructure and has been independently valued at $10 million. The acquisition is expected to immediately enhance DXN’s net asset position while boosting its presence in critical digital infrastructure.
This dual development not only strengthens DXN’s operational scale but also aligns with broader growth trends seen in the ASX300, where technology and infrastructure companies continue to draw investor interest.
As DXN broadens its footprint in both national and international markets, the company’s strategic focus and growing capabilities could position it among future ASX dividend stocks to watch, especially within the expanding modular data and satellite infrastructure segments.
