Orolia Acquires Boatracs Inc.

Press Release
Thursday, July 19, 2012
Image credit Boatracs

Orolia specialists in positioning, navigation & GPS timing, acquires Boatracs Inc., an IT provider for the maritime market

The Boatracs acquisition is part of the Orolia group’s strategy to offer more complete business solutions to its customers operating critical infrastructure in remote or harsh environments.

These solutions consist of a hardware platform, a communications beacon which allows for wireless data transmission and reception and software which provides a web-based user interface to facilitate effective data communications between ship and shore.

Oriola says itsl business model calls for initial hardware sales followed by recurring airtime revenue and SaaS (Software as a Service). This business model and leverageable technology platforms give Orolia the opportunity to expand its solution offerings to all its customers worldwide.

Orolia ispecializes in precise Positioning, Navigation and Timing. Orolia providing high-precision electronics equipments that generate, distribute, measure and process signals that are used to detect, trace, control, analyze or synchronize time and location-critical events.

Boatracs is a North American company based in San Diego, California, known over 20 years for its reliable communications, tracking and monitoring and innovative software solutions for the workboat and commercial fishing markets.

 


People & Company News

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Mergers & Acquisitions

Hapag-Lloyd Shareholders Okays Merger with UASC

Hamburg-based ocean carrier Hapag-Lloyd said its shareholders approved all items on the agenda at Annual General Meeting, mainly the  share capital increase needed

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0825 sec (12 req/sec)