Orbcomm Completes Startrak Acquisition
[Satellite TODAY 05-19-11] Orbcomm has completed a deal to acquire substantially all of the assets of StarTrak Systems from Alanco Technologies, the company announced May 18.
StarTrak is a provider of tracking, monitoring and control services for the refrigerated transport market. Under its ReeferTrak and GenTrak brands, the company provides customers with the ability to proactively monitor, manage and remotely control their refrigerated transport assets.
“The StarTrak acquisition is an important milestone in the continued evolution of Orbcomm as an innovative, satellite-based M2M communications services company,” Orbcomm’s CEO, Marc Eisenberg said in a statement. “We are excited about the opportunity to grow the StarTrak business and to introduce their market-leading technology to our global distribution channels. We look forward to bringing our hardware and communications expertise to the company and to building next-generation services for our complementary vertical markets.”