Communications Services M&A » By The Online Investor Staff, updated Tue., Mar. 9, 3:11 AM
Recent mergers and acquisitions in the Communications Services M&A category.
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Slide #56. ORBCOMM — The SENS Asset Tracking Operation
Acquirer:
ORBCOMM (NASDAQ:ORBC)
Acquiree:
The SENS Asset Tracking Operation
Details:
ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of Comtech Mobile Datacom Corporation's (Comtech) Sensor Enabled Notification System (SENS) operation, which includes satellite hardware, network technology and web platforms. SENS is a market leader in providing one-way satellite products and services to more than 20,000 subscribers worldwide.
ORBCOMM is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and web reporting applications. Co.'s IoT products and services are designed to track, monitor, control and enhance security for various assets, such as trailers, trucks, rail cars, sea containers, generators, fluid tanks, marine vessels, diesel or electric powered generators, oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in several industries including transportation and supply chain. Co. also provides satellite Automatic Identification Service data services to assist in vessel navigation and to improve maritime safety.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 85th percentile
(ranked higher than approx. 85% of all stocks covered)
Analysts' Target Price: ORBC Stock Forecast Based on Zacks ABR data; powered by Xignite |
