M&A Deal Summary

ORBCOMM Acquires GlobalTrak

On April 3, 2013, ORBCOMM acquired electronics company GlobalTrak

Acquisition Highlights
  • This is ORBCOMM’s 1st transaction in the Electronics sector.
  • This is ORBCOMM’s 4th transaction in the United States.
  • This is ORBCOMM’s 1st transaction in Virginia.

M&A Deal Summary
Date 2013-04-03
Target GlobalTrak
Sector Electronics
Buyer(s) ORBCOMM
Deal Type Add-on Acquisition

Target

GlobalTrak

Dulles, Virginia, United States
GlobalTrak is a manufacturer and seller of cargo security and visibility solutions primarily in the United States and internationally.

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Buyer(S) 1

Buyer

ORBCOMM

Sterling, Virginia, United States
Category Company
Founded 2001
Sector Communications
Employees786
Revenue 272M USD (2019)
DESCRIPTION

ORBCOMM is a wireless data communications company, provides machine-to-machine communication solutions. ORBCOMM was founded in 2001 and is based in Sterling, Virginia.

DEAL STATS #
Overall 4 of 11
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 3 of 10
State (Virginia) 1 of 1
Country (United States) 4 of 7
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 MobileNet

Milton, Georgia, United States

MobileNet, Inc. develop and market custom mobile data solutions for the heavy equipment and railroad industries. As a pioneer in the remote monitoring of assets, MobileNet was among the first to develop satellite monitoring for construction equipment with its TrakPak line of remote monitors. MobileNet’s growth and reputation are attributable to its practice of continually providing innovative products and valued services to its customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-12 Euroscan B.V.

Hoensbroek, Netherlands

Euroscan Holdings, B.V. (Euroscan) is a supplier of refrigerated transportation temperature compliance recording systems. Based in the Netherlands, Euroscan’s integrated turn-key systems are used worldwide to ensure the safe and secure transportation of food and pharmaceuticals by monitoring and assuring temperature compliance throughout the supply chain.

Buy -
Mergr

Product

Company

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