SkyWave making three-way deal

Ottawa’s SkyWave Mobile Communications buys GlobalWave, a fellow satellite SkyWave-cropped.jpgproducts and services company also based in the capital, for an undisclosed sum. The privately-held company will include GlobalWave’s technology with its own satellite-based tracking devices for mobile objects like trains and ships, as well as transponders for stationary objects. Manufacturing will continue to be handled by TransCore, GlobalWave’s Pennsylvania-based parent. Given regulatory approval, UK satellite giant Immarsat Global Ltd. will acquire a 19% stake in SkyWave, which would allow the latter to run its services directly on the Immarsat system, while giving Immarsat access to new markets offered by the GlobalWave buy. SkyWave currently purchases satellite access from Immarsat. Click here for more information.

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