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Communications Services M&A image Communications Services M&A » By The Online Investor Staff, updated Fri., Dec. 14, 8:21 AM Recent mergers and acquisitions in the Communications Services M&A category.

Slide #87. ORBCOMM Inc. GlobalTrak and MobileNet

Acquirer: ORBCOMM Inc. (NASDAQ:ORBC)
Acquiree: GlobalTrak and MobileNet
Details: ORBCOMM Inc. (NASDAQ:ORBC), a global satellite data communications company specializing in the Machine-to-Machine (M2M) marketplace, today announced that it 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.

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.

ORBC SEC Filing Email Alerts Service


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Company Name: 
ORBCOMM Inc
Sector: 
Communications Services
Number of ETFs Holding ORBC: 
19
Total Market Value Held by ETFs: 
$28.54M
Total Market Capitalization: 
$714.00M
% of Market Cap. Held by ETFs: 
4.00%
 

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Strong Buy (4.00 out of 4)
86th percentile
(ranked higher than approx. 86% of all stocks covered)
Based on Zacks ABR data;
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