ORBCOMM to Acquire MobileNet

ORBCOMM

today announced that it has entered into an agreement to acquire substantially all of the assets of MobileNet, Inc. (MobileNet), a leader of satellite and cellular-based telematics solutions for monitoring heavy equipment and assets that support the rail industry as well as being a long-time ORBCOMM value-added reseller. The acquisition of the MobileNet business supports ORBCOMM's growth strategy of expanding its end-to-end solutions portfolio in key vertical markets. Integrating MobileNet's unique products and services will allow ORBCOMM to directly address opportunities within the heavy equipment industry through Original Equipment Manufacturers (OEM's), dealers and