4 April 2013
ORBCOMM Inc. has completed the acquisition of substantially
all of the assets of the GlobalTrak division of System Planning
Corporation (GlobalTrak) and MobileNet, Inc. (MobileNet). 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 utilizes
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
turn-key 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.”
