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Business/Financial

ORBCOMM Acquires Satellite Communications Provider SkyWave

By Cal Biesecker

Monday, January 5th, 2015

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ORBCOMM Acquires Satellite Communications Provider SkyWave

Low-power terminals, modems provided by SkyWave. Photo: SkyWave

ORBCOMM [ORBC] on Monday said it has completed its $130 million acquisition of Canada’s SkyWave Mobile Communications, the largest machine-to-machine (M2M) service provider on the Inmarsat global L-band satellite network.ORBCOMM said the acquisition furthers its strategy of offering a complete set of options and capabilities in the satellite communications industry while bolstering its M2M solutions portfolio. ORBCOMM said that combined with SkyWave it has over 1.2 million subscribers in the satellite-based M2M area.“This transformative acquisition creates the largest space-based global…

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