Orbcomm completes acquisition of Skywave
January 7, 2015
M2M service provider Orbcomm has completed the acquisition of Skywave Mobile Communications, said to be the largest M2M service provider on the Inmarsat global L-band satellite network.
Based in Ottawa, Canada, Skywave adds more than 250,000 subscribers, 400 channel partners, annual revenues of over US$60m and adjusted EBITDA of over $12m. With the acquisition, Orbcomm now has one of the largest combined engineering teams in the M2M industry and gains significant economies of scale in operations and manufacturing.
“This transformative acquisition creates the largest space-based global M2M company with unparalleled capabilities, established go-to-market channels and global network coverage,” said Marc Eisenberg, Orbcomm’s chief executive officer. “With our expanded scope and scale, we are well-positioned to provide the industry’s most diverse portfolio of M2M solutions and connectivity options that leverage both the Orbcomm and Inmarsat networks.”
Skywave’s distribution channels in South America, Asia and the Middle East, along with Inmarsat’s support, provide Orbcomm with even broader global distribution. It gains access to new geographies in Eastern Europe and Asia while adding diverse vertical markets such as security and marine.
The addition of Skywave’s higher bandwidth, low-latency satellite products and services that leverage the IsatDataPro (IDP) technology, which is now jointly owned by Orbcomm and Inmarsat, also further expands the breadth of Orbcomm’s portfolio.