ORBCOMM Closes SkyWave Mobile Communications Acquisition - Quick Facts

(RTTNews) - ORBCOMM Inc. (ORBC), a provider of Machine-to-Machine or M2M solutions, has completed the acquisition of SkyWave Mobile Communications, the largest M2M service provider on the Inmarsat (ISAT.L) global L-band satellite network, on January 1. Ottawa-based SkyWave adds over 250,000 subscribers, 400 channel partners, annualized revenues of over $60 million and adjusted EBITDA of more than $12 million.

The SkyWave acquisition furthers ORBCOMM's strategy to provide the most complete set of options and capabilities in the industry, while adding multiple synergies to strengthen its M2M solutions portfolio. With SkyWave's addition, ORBCOMM now has one of the largest combined engineering teams in the M2M industry and gains significant economies of scale in operations and manufacturing, according to the company.

Raymond James served as financial advisor to ORBCOMM on this transaction, and William Blair & Co. served as financial advisor to SkyWave.