TransCore agrees to three-pronged partnership deal
OTTAWA — TransCore has announced the sale of GlobalWave satellite communications assets to Ottawa-based SkyWave Mobile Communications, so it can focus on its truck and rail markets.
Additionally, Inmarsat, a leading provider of global mobile satellite communications services, will make a 19 percent strategic investment in privately held SkyWave.
TransCore will continue to sell, service and manufacture the GlobalWave suite of products as a SkyWave value added reseller for North American fleet and rail markets.
The agreements are subject to regulatory approval which is expected to be granted in mid-2009.
"As current satellite networks age, access to newer technology and long-range service will provide customers the assurance that asset tracking products they invest in can support their needs now and in the future," said John Worthington, president of TransCore’s Commercial Technology Group.
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