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  6. Globalstar Acquires Spot

M&A Deal Summary

Globalstar Acquires Spot

On August 1, 2007, Globalstar acquired technology hardware company Spot

Acquisition Highlights
  • This is Globalstar’s 1st transaction in the Technology Hardware sector.
  • This is Globalstar’s 1st transaction in the United States.
  • This is Globalstar’s 1st transaction in California.

M&A Deal Summary
Date 2007-08-01
Target Spot
Sector Technology Hardware
Buyer(s) Globalstar
Deal Type Add-on Acquisition

Target

Spot

Milpitas, California, United States
Spot LLC is a manufacturer of GPS asset-tracking and messaging products.

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Buyer(S) 1

Buyer

Globalstar

Covington, Louisiana, United States
Category Company
Founded 1993
Sector Communications
Employees389
Revenue 250M USD (2024)
DESCRIPTION

Globalstar is a provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Globalstar was founded in 1993 and is based in Covington, Louisiana.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1
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