Satellite

摘要

Orbcomm will buy GlobalTrak and MobileNet. The purchases are part of Orbcomm's effort to expandnits end-to-end solutions portfolio into key vertical markets and new geographic regions, it saidnThursday in press releases (http://bit.ly/WKbSrh, http://bit.ly/XaI1mJ). Globaltrak's customer base includesnmilitary, international, government and commercial customers, Orbcomm said. Combining thencompanies' capabilities "will create a suite of transportation related product offerings across the expandednglobal distribution network," it said. The transaction is expected to close in the second quarter of 2013,nOrbcomm said. Through integrating MobileNet's products and services, Orbcomm will "directly addressnopportunities within the heavy equipment industry through original equipment manufacturers, dealers andnfleet owners," it said. The MobileNet transaction will close within 30 days. Orbcomm also reportednThursday a 14 percent revenue increase to $12.4 million in the fourth quarter of 2012 compared to thensame period in 2011 (http://bit.ly/152eqiI). For 2012, revenue reached $49 million, a 31 percent increasenfrom 2011, it said.