Orolia to Acquire Techno Sciences, Inc., Global Provider of Search and Rescue Satellite Solutions

Strategic acquisition to establish Orolia as the premier supplier of end-to-end products, systems and solutions to the global COSPAS-SARSAT search and rescue market.

Orolia has entered into an agreement to acquire Techno-Sciences, Inc. (TSi), an advanced technology company in the field of search and rescue satellite ground stations and integrated multi-site emergency response solutions based in Beltsville MD near Washington DC (USA). The transaction is subject to customary closing conditions and approvals, including approval of the Committee on Foreign Investment in the United States (CFIUS) which is expected to occur in the second quarter of 2014. Through this acquisition, Orolia will be the only company capable of supplying a single-vendor, end-to-end COSPAS-SARSAT emergency solution from distress beacons to satellite communications to mission control centres equipped with search and rescue management software.

Lire la suite : Orolia to Acquire Techno Sciences, Inc., Global Provider of Search and Rescue Satellite Solutions

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