SkyWave Mobile Communications: Orbcomm completes acquisition of M2M provider SkyWave

Orbcomm announced that it has completed the acquisition of SkyWave Mobile Communications, the largest machine-to-machine (M2M) provider on the Inmarsat global L-band satellite network.Orbcomm is a provider of M2M solutions.Based in Ottawa, Canada, SkyWave adds more than 250,000 subscribers, 400 channel partners, annualized revenues of over $60 million and adjusted EBITDA of over $12 million to its balance sheet, Orbcomm said.read more