ORBCOMM acquires Comtech's SENS unit

|About: Comtech Telecommunications Corp. (CMTL)|By:, SA News Editor

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.