Technology company Satlink acquires Canada's Xeos Technologies

Company

Xeos Technologies

Satlink, a global leader in maritime sector technology, acquired Xeos Technologies, a Canadian firm specializing in asset-tracking solutions for harsh maritime environments. Based in Halifax, Nova Scotia, Xeos has served hundreds of clients over 20 years. This move strengthens Satlink's position in ocean knowledge and management technology, expanding its reach to over 7,500 clients in more than 90 countries. The acquisition marks Satlink's growth in North America, adding to its global presence in countries like Spain, Korea, and Fiji. Xeos' management will reinvest in Satlink, aiming to enhance innovation and sustainability in ocean technology. While the transaction value was not disclosed, the partnership highlights a shared vision for ocean sustainability and technology innovation. Legal advisors for the transaction were not mentioned. Founders of both companies expressed enthusiasm for the merger, emphasizing the alignment in visions for the future and potential for accelerated international expansion and product innovation.

Merger & Acquisition
Other
Undisclosed/Confidential
Active