ORBCOMM Acquires GlobalTrak and MobileNetApril 4, 2013
The combined businesses add new technology, sales channels, and access to end-to-end systems in key vertical markets.
ROCHELLE PARK, NJ /BUSINESS WIRE/ -- ORBCOMM Inc., a global satellite data communications company specializing in the machine-to-machine (M2M) marketplace, announced that it has completed the acquisition of substantially all of the assets of the GlobalTrak division of System Planning Corp. (GlobalTrak) and MobileNet Inc. The GlobalTrak and MobileNet acquisitions accelerate ORBCOMM's growth strategy of expanding its end-to-end solutions portfolio into key vertical markets and geographic regions.
GlobalTrak is an information services company that uses networks, sensors, and proprietary software platforms to provide near-real-time situational awareness and intelligence to improve logistics and security processes and operations on a global basis. GlobalTrak gives ORBCOMM access to a customer base that includes military, international, government, and commercial customers, as well as expanded reach in growing regions, such as the Middle East, Asia, and South America. Combining GlobalTrak's advanced products, including container and vehicle technology, with ORBCOMM's existing capabilities will create a suite of transportation-related product offerings across the expanded global distribution network.
A long-time ORBCOMM value-added reseller, MobileNet is a provider of telematics solutions to the heavy equipment and rail support industries. The acquisition enables ORBCOMM to offer MobileNet's complete fleet management solution directly to original equipment manufacturers, dealers, and fleet owners. Leveraging MobileNet's turnkey telematics platform will further enhance ORBCOMM's leadership position in services to the global heavy equipment sector by providing customers significant operating advantages, as well as savings in development costs and faster time to market for implementing solutions in the field.
"The completion of the GlobalTrak and MobileNet acquisitions is a significant step forward in building our diverse portfolio of end-to-end solutions and enables ORBCOMM to execute on our long-term vision of expanding our integrated M2M services into new industrial and geographic markets," said Marc Eisenberg, ORBCOMM's Chief Executive Officer. "Our combined strengths will allow us to broaden our product and service capabilities and leverage synergies across common distribution channels while providing value-driven, high-performance solutions to our customers."
ORBCOMM Inc. is a leading global satellite data communications company, specializing in M2M communications and solutions. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, Asset Intelligence (a division of I.D. Systems, Inc.), Komatsu Ltd., Manitowoc Crane Companies, Inc., and Volvo Construction Equipment, among other industry leaders. By means of a global network of low-earth orbit satellites and accompanying ground infrastructure, ORBCOMM's low-cost and reliable two-way data communication services track, monitor, and control mobile and fixed assets in its core markets: commercial transportation; heavy equipment; industrial fixed assets; marine; and homeland security. ORBCOMM based products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks, and other assets.
ORBCOMM is an innovator and leading provider of tracking, monitoring, and control services for the refrigerated transport market. Under its ReeferTrak, GenTrak, and CargoWatch brands, the company provides customers with the ability to proactively monitor, manage, and remotely control their refrigerated transport assets. Additionally, ORBCOMM provides automatic identification system data services for vessel tracking and to improve maritime safety to government and commercial customers worldwide. ORBCOMM is headquartered in Rochelle Park, NJ, and has its network control center in Dulles, VA.
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