Orbcomm announced that it has completed the acquisition of SkyWave Mobile Communications, the largest machine-to-machine (M2M) provider on the Inmarsat global L-band satellite network.
Orbcomm is a provider of M2M solutions.
Based in Ottawa, Canada, SkyWave adds more than 250,000 subscribers, 400 channel partners, annualized revenues of over $60 million and adjusted EBITDA of over $12 million to its balance sheet, Orbcomm said.
“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 CEO. “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.”
