ORBCOMM Acquires SkyWave Mobile Communications

November 14, 2014

On November 6, ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced that it had entered into a definitive agreement to acquire SkyWave Mobile Communications (SkyWave), the largest M2M service provider on the Inmarsat (LSE: ISAT.L) global L-band satellite network, for $130 million. Based in Ottawa, Canada, SkyWave has more than 250,000 subscriber units, 400 channel partners, an estimated annualized $60 million in revenues and over $12 million in Adjusted EBITDA.

LaBarge Weinstein acted as counsel to SkyWave with a team that included Randy Taylor, Estelle Duez, Michael Morgan, Brigitte LeBlanc-Lapointe, Taisha Lewis, and Lisa Trader.

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