Skygistics: Orbcomm to acquire South Africa's Skygistics

Orbcomm (ORBC -3.7%) has deal to acquire South Africa-based Skygistics, a firm offering remote and mobile asset management. Terms were undisclosed. The agreement includes Skygistics' subsidiaries in South Africa and Australia. Skygistics is a distributor of satellite connectivity products made by Orbcomm subsidiary SkyWave. The deal "supports Orbcomm's long-term strategy of becoming a leading global, [...]