Companies to Combine Network Operations under SkyWave Ownership, TransCore to Focus on North American Truck and Rail Markets
OTTAWA, Canada--(BUSINESS WIRE)--TransCore announces the sale of GlobalWave satellite communications assets to Ottawa-based SkyWave Mobile Communications. Additionally today, Inmarsat, the leading provider of global mobile satellite communications services, will make a 19 percent strategic investment in privately held SkyWave. TransCore will continue to sell, service and manufacture the GlobalWave suite of products as a SkyWave value added reseller for North American fleet and rail markets. The agreements are subject to regulatory approval which is expected to be granted in mid-2009.
“The collective expertise of SkyWave Mobile Communications, Inmarsat, and TransCore will provide our transportation customers with unparalleled products and service, while ensuring long-term satellite access,” said John Worthington, president of TransCore’s Commercial Technology Group. “As current satellite networks age, access to newer technology and long-range service will provide customers the assurance that asset tracking products they invest in can support their needs now and in the future.”
Over the past five years since TransCore originally acquired GlobalWave, the company has grown the satellite communications business through groundbreaking research and development of asset tracking technology, which included a core modem that more than doubled battery life of mobile units and container tracking prototype designs for the European Space Agency.
Kelly Gravelle, TransCore’s chief technical officer, added, “This agreement provides GlobalWave customers continued access to a powerhouse of resources devoted to research and development that will bring an array of next generation products to market in a short time.”
Today, GlobalWave supports customers worldwide including more than 675 commercial fleets throughout North America and the U.S. Department of Defense.
About SkyWave Mobile Communications
SkyWave Mobile Communications Inc. is a global provider of two-way D+ and IsatM2M satellite terminals, integrated Satellite/GPRS telematics terminals and network services based on the global Inmarsat service. SkyWave’s products enable land mobile, marine, oil & gas, government, defense and Supervisory Control and Data Acquisition (SCADA) applications. With over 160,000 terminal units shipped globally, Solution Providers trust SkyWave to deliver highly reliable and cost-effective network services. For more information, please visit www.SkyWave.com.
Inmarsat plc (LSE: ISAT) is the leading provider of global mobile satellite communications. Since 1979, the company has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. Inmarsat's services are delivered through a global network of more than 500 distribution partners and service providers operating in 180 countries. For the year ended 31 December 2008, Inmarsat plc had total revenue of US$ 996.7 million (2007: $576.5 million) with an EBITDA of US$531.2 million (2007: $388.1 million). For more information, please visit www.inmarsat.com.
TransCore’s 70-year heritage supporting the transportation industry spans a range of offerings for the toll, traffic management, airport, parking, access control, rail, intermodal, trucking, and homeland security markets. With products and installations in 46 countries, more than 100 patents worldwide, and pioneering applications of RFID and satellite communications technologies, TransCore's expertise is unparalleled in the markets it serves. TransCore has more than 1,700 employees in 80 locations throughout the world.
TransCore operates as a unit of Roper Industries. Roper Industries is a market-driven, diversified growth company with trailing twelve month revenues of $2.3 billion, and is a component of the Standard & Poor’s S&P Mid-Cap 400, Fortune 1000, and Russell 1000 Indexes. Roper provides engineered products and solutions for global niche markets, including water, energy, radio frequency and research/medical applications. For more information, visit www.transcore.com