Orbcomm Inc. to Acquire South Africa's Skygistics
Orbcomm Inc., a global provider of machine-to-machine and Internet of Things (IoT) solutions, announced it will acquire Skygistics Ltd. and its South African and Australian subsidiaries.
Headquartered outside of Johannesburg, South Africa, Skygistics provides a broad range of satellite and cellular connectivity options, as well as telematics solutions centered on the management of remote and mobile assets. Skygistics will add distribution for Orbcomm’s products in IoT markets, including South Africa and 22 other African nations, according to Orbcomm.
Skygistics is a long-time partner of SkyWave, a subsidiary of Orbcomm, and a distributor of SkyWave’s satellite connectivity products. Satellite connectivity is used widely in Africa for cost-effective, mission-critical cross-border security monitoring, and asset management applications, according to Orbcomm.
“Orbcomm provides Skygistics with the breadth of products, solutions, support and technical resources needed to make a greater impact in the African telematics market,” said Kevin Eborall, Skygistics’ chairman. “We expect to more fully meet our customers’ requirements and vastly grow the business through the distribution of industry-leading transportation, heavy equipment, and a host of other solutions and services in this underserved region.”
Skygistics has an established sales and distribution network throughout Africa. The transaction is expected to close in May 2016.