Adds distribution and customer support in Sub-Saharan Africa for
ORBCOMM’s services and IoT solutions
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Apr. 12, 2016--
ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine
(M2M) and Internet of Things (IoT) solutions, today announced that it
has entered into a definitive agreement to acquire Skygistics (PTY) Ltd.
and its South African and Australian subsidiaries. Based outside of
Johannesburg, South Africa, Skygistics provides a broad range of
satellite and cellular connectivity options as well as telematics
solutions centered around the management of remote and
mobile assets to more than 250 telematics and enterprise customers.
Skygistics will add distribution for ORBCOMM’s broad range of products
in some of the fastest growing IoT markets, including South Africa and
22 other African nations.
Skygistics is a long-time partner of SkyWave, a subsidiary of ORBCOMM,
and a distributor of SkyWave’s satellite
connectivity products. Satellite connectivity is used widely in
Africa for cost-effective, mission-critical cross-border security
monitoring and asset
management applications.
“The acquisition of Skygistics supports ORBCOMM’s long-term strategy
of becoming a leading global, full-service provider in the Internet of
Things,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Adding
incremental products and services to Skygistics’ infrastructure will
build a stronger presence on the African continent, which is an
important growing market.”
“ORBCOMM provides Skygistics with the breadth of products,
solutions, support and technical resources needed to make a greater
impact in the African telematics market,” said Kevin Eborall,
Skygistics’ Chairman. “We expect to more fully meet our
customers’ requirements and vastly grow the business through the
distribution of industry-leading transportation, heavy equipment and a
host of other solutions and services in this underserved region. The
strength of the ORBCOMM brand combined with Skygistics’ regional
footprint and technology make this transaction a great fit.”
Skygistics has more than 40 employees with an established sales and
distribution network throughout Africa. The transaction is expected to
close in May 2016, subject to customary closing conditions.
ORBCOMM was advised by Near Earth LLC on this transaction.
About ORBCOMM Inc.
ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of Machine-to-Machine
(M2M) communication solutions and the only commercial satellite
network dedicated to M2M. ORBCOMM’s unique combination of global
satellite, cellular and dual-mode network connectivity, hardware, web
reporting applications and software is the M2M industry’s most complete
service offering. Our solutions are designed to remotely track, monitor,
and control fixed and mobile assets in core vertical markets including
transportation & distribution, heavy equipment, industrial fixed assets,
oil & gas, maritime, mining and government.
With nearly 20 years of innovation and expertise in M2M, ORBCOMM has
more than 1.5 million subscribers with a diverse customer base including
premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi
Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., and Volvo
Construction Equipment, as well as end-to-end solutions customers such
as C&S Wholesale, Canadian National Railways, CR England, Hub Group,
KLLM Transport Services, Marten Transport, Swift Transportation, Target,
Tropicana, Tyson Foods, Walmart and Werner Enterprises. For more
information, visit www.orbcomm.com.
Forward-Looking Statements
Certain statements discussed in this press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally relate to our plans, objectives and expectations for future
events and include statements about our expectations, beliefs, plans,
objectives, intentions, assumptions and other statements that are not
historical facts. Such forward-looking statements, including those
concerning the Company’s expectations, are subject to known and unknown
risks and uncertainties, which could cause actual results to differ
materially from the results, projected, expected or implied by the
forward-looking statements, some of which are beyond the Company’s
control, that may cause the Company’s actual results, performance or
achievements, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. In addition, specific consideration should
be given to various factors described in Part I, Item 1A. “Risk Factors”
and Part II, Item 7. “Management’s Discussion and Analysis of Financial
Condition and Results of Operations,” and elsewhere in our Annual Report
on Form 10-K for the year ended December 31, 2015, and other documents,
on file with the Securities and Exchange Commission. The Company
undertakes no obligation to publicly revise any forward-looking
statements or cautionary factors, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160412005319/en/
Source: ORBCOMM Inc.
ORBCOMM Inc.
Investor Inquiries:
Michelle
Ferris, 703-433-6516
Director of Corporate Communications
ferris.michelle@orbcomm.com
or
Financial
and Trade Media:
The Abernathy MacGregor Group
Chuck
Burgess, 212-371-5999
President
clb@abmac.com