Orbcomm Inc. Acquires Part Of Orbcomm Japan
[Satellite Today – 4-1-08] Orbcomm LLC subsidiary Orbcomm Inc. has acquired 37 percent of Orbcomm Japan Ltd., Orbcomm Inc. announced April 1.
Orbcomm Japan Ltd. is Orbcomm’s representative in Japan and the owner of a gateway earth station, which is the region’s terrestrial link to Orbcomm’s satellite constellation.
“We are pleased to have concluded this transaction, which gives Orbcomm greater control over the operations in the very important Japanese market, and we look forward to growing our presence in the region,” Orbcomm CEO Marc Eisenberg said in a statement. “This is a valuable opportunity for us to seamlessly provide Orbcomm’s services to new and existing customers in Japan and international value-added resellers that operate in Japan.”
Orbcomm LLC plans to acquire additional shares, increasing its ownership in Orbcomm Japan to 51 percent, which will allow Orbcomm LLC to control the ground station.