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ORBCOMM Inc. acquired Galway, Ireland-based transportation management solutions provider Blue Tree Systems Ltd. for an aggregate consideration of about $36.8 million, subject to a working capital adjustment.
The deal also covers the acquisition of Blue Tree's subsidiaries in the United States, Germany and France, the company said Oct. 2. Following Blue Tree's acquisition, ORBCOMM will add truck in-cab and refrigerated fleet vehicle solutions to its cargo solutions.
ORBCOMM paid roughly $34.8 million of...