GI Partners Acquires ORBCOMM
September 1, 2021
GI Partners completed the all-cash acquisition of ORBCOMM Inc., a global industrial IoT provider, valuing the company at approximately $1.1 billion including net debt. The transaction takes ORBCOMM private and is intended to accelerate the company’s innovation, operational improvements, and expansion into new markets.
- Buyers
- GI Partners
- Targets
- ORBCOMM Inc.
- Sellers
- ORBCOMM stockholders
- Industry
- Telecommunications
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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