KORE Wireless Group Inc. (Alpharetta, GA), a wireless services group focused on the global machine-to-machine (M2M) communications market, Wednesday announced the acquisition of Mach Communications Pty Ltd. (Melbourne, Australia), a wireless M2M network provider. The identity of Mach Communications Pty Ltd will transition to KORE Wireless Asia-Pacific in ensuing weeks. The acquisition, which was completed following unanimous approval of all shareholders, is now complete.
According to KORE, this acquisition adds a significant incumbent subscriber base, further carrier service options and skilled team to further expand KORE's footprint in the Asia-Pacific marketplace. According to Beecham Research, Asia-Pacific M2M growth is expected to outstrip North American growth by over 25 percent over the next five years, with an expected CAGR of 26 percent.
"Global adoption of M2M service solutions requires uninterrupted, reliable data communications and faultless support 24/7, regardless of geographic location. With the acquisition of Mach Communications, KORE now makes international service delivery even more simple and secure," said Alex Brisbourne, president and COO, KORE Wireless Group Inc. "Working with the Mach team over the past three years, we were very impressed by the common ideals that we both have for servicing global customers. As KORE continues to build on its powerful M2M communications platform, and we empower organizations across the globe with a single interface for monitoring and managing connected devices, this geographic expansion was a natural fit."
"Since 2005, Mach has built a great reputation around our superior service support and long-term account relationships. Many of our customers are now demanding broader service and support access, and we believe that the combined company will address these growth needs far more effectively than any other organization, including wireless carriers," said Shane Murphy, vice president and general manager, Mach/KORE Asia-Pacific. "The team at Mach is excited to become part of the KORE family, as are our customers who understand how a global M2M network can help their business."