ORBCOMM Acquires Provider of Refrigerated Transportation Temperature Software
ORBCOMM Inc., a Rochelle Park, N.J.-based provider of machine-to-machine (M2M) solutions, acquired Euroscan Holdings, B.V., a global supplier of refrigerated transportation temperature compliance recording systems. Based in the Netherlands, Euroscan’s integrated turnkey systems ensure the safe and secure transportation of food by monitoring and assuring temperature compliance throughout the supply chain. Terms of the acquisition will be available in subsequent public filings.
Euroscan’s temperature recorders enable customers to comply with the European cold chain temperature and food safety regulations. Over the past few years, Euroscan began transitioning its recording product suite to an M2M wireless solution. Today, Euroscan has a worldwide installed base of 200,000 recording units of which approximately 10,000 are wireless subscribers. Euroscan generates a large portion of its business through original equipment manufacturer (OEM) factory installs on refrigerated assets, trucks and trailers.