Orbcomm Acquires MobileNet, GlobalTrak

Orbcomm Acquires MobileNet, GlobalTrak

Orbcomm has completed its acquisition of “substantially all of the assets” of MobileNet and the GlobalTrak division of System Planning.

“The completion of the GlobalTrak and MobileNet acquisitions is a significant step forward in building our diverse portfolio of end-to-end solutions and enables Orbcomm to execute our long-term vision of expanding our integrated [machine-to-machine] services into new industrial and geographic markets,” said Marc Eisenberg, CEO of the satellite communications company, in a written statement.

GlobalTrak, a logistics technology company, gives Orbcomm access to a customer base that includes military, international, government and commercial customers, as well as expanded reach in growing regions, such as the Middle East, Asia and South America.

MobileNet, a telematics solutions provider for the heavy equipment and rail support industries, enables Orbcomm to offer MobileNet’s fleet management solution to original equipment manufacturers, dealers and fleet owners.