Mergers & Acquisitions

IDENTEC SOLUTIONS Takes Firm Hold of Marine & Intermodal Market with Acquisition of Sattel

Original Press Release

IDENTEC SOLUTIONS Takes Firm Hold of Marine & Intermodal Market with Acquisition of Sattel

Press release date: October 6, 2010

LUSTENAU, Austria, October 6, 2010 -- IDENTEC SOLUTIONS, the global leader of active RFID and industrial wireless sensor networks, announced today that it has acquired the assets of Satellite Telemetry (Aust) Pty Ltd (Sattel) from container terminal operating group DP World. Previously a wholly-owned subsidiary of DP World, Sattel provides DGPS based tracking and telemetry systems to the global container terminal industry. The company has installations in Asia, Australasia, Europe and the USA. "Strengthening our position in this market has been part of our overall strategic growth strategy," states Gerhard Schedler, President & CEO of IDENTEC SOLUTIONS. "We assessed that this vertical would be better served by having access to a comprehensive suite of solutions that are easily integrated into existing infrastructure or leveraged from a single platform. Sattel's technology proved to be a natural extension to our existing solutions for the marine and intermodal market." Over the past four years, IDENTEC SOLUTIONS has established a firm foothold in the global marine terminal market, deploying wireless sensor network systems for gate, yard and quay automation projects in Australia, Europe, the USA and Latin America. By incorporating Sattel's hardware and software into the company's total visibility and control platform, IDENTEC SOLUTIONS can expand its marine & intermodal portfolio to include the industry's most comprehensive range of systems. The suite of solutions includes RFID, GPS, RTLS, sensor technologies, as well as a full range of software applications. DP World is the world's third-largest container terminal operator and is among IDENTEC SOLUTIONS' marine and intermodal clients, as well as Total Terminals International and Georgia Ports Authority. Contact: IDENTEC SOLUTIONS, Martina Frois Tel.: +43(0)5577-87387-18 Source: IDENTEC SOLUTIONS


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