Orbcomm Inc. acquired SkyWave Mobile Communications, a machine-to-machine (M2M) service provider, effective Jan. 1. Based in Ottawa, Canada, SkyWave offers Orbcomm more than 250,000 subscribers, 400 channel partners, annualized revenues of over $60 million and adjusted earnings before interest, taxes, depreciation, and amortization of over $12 million, according to the company.
The acquisition of SkyWave furthers Orbcomm’s strategy to provide the most complete set of options and capabilities in the industry, said Orbcomm.
“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.”
