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Globe Wireless acquires SeaWave & Rydex

  • Thursday, 09 August 2007 | News

Globe Wireless has announced the signing of an Asset Purchase Agreement whereby it will acquire all of the assets of maritime IT company SeaWave & Rydex.

Combined, the companies will provide a range of communications and other technology services to over 8,000 ships and over 500 ship operators.

The financial terms of the agreement have not been disclosed.

"Our collective skills and experience, both greatly enhanced by this acquisition, is of significant benefit to our customers," said Frank Coles, president and CEO of Globe Wireless .

The companies say that SeaWave Integrator and Rydex customers will see no interruption in service as a result of the transaction, and that development for both product lines will continue for the foreseeable future.

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