Numerex Acquires Orbit One Communications
Numerex Corp., a machine-to-machine solutions and wireless network services provider, has acquired the assets of Orbit One Communications Inc., Numerex announced Aug. 3.
Numerex will pay $6 million in cash for Orbit One, which provides satellite data products and services to government agencies and emergency services markets. Numerex may also pay additional cash and stock based on meeting certain business objectives.
Orbit One, which generated $15.2 million in revenues in the second quarter, will be operated as a wholly owned subsidiary of Numerex.