ORBCOMM acquires Comtech's SENS unit

ORBCOMM (ORBC +0.6%) acquires Comtech's (CMTL +0.4%) Sensor Enabled Notification System operation, which includes satellite hardware, network tech, and web platforms focused on asset tracking. The unit has more than 20K subscribers globally. Terms were undisclosed.

The vertically-oriented acquisition also complements ORBCOMM's recent GlobalTrak acquisition, which uses SENS technology.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs