OHB: Satellite communications subsidiary in Austria specializing in M2M and IOT


High-tech group OHB SE (Prime Standard, ISIN ‎DE0005936124) is broadening its footprint in applications and services with the establishment ‎of a subsidiary known as M2M Europe Network & Solutions GmbH in Bregenz, Austria. The new ‎company specializes in satellite communications and, within this area, specifically fields ‎offering particular potential for the future such as M2M (machine-to-machine communications) ‎and IOT (“Internet of Things”). ‎

Explains Marco Fuchs, CEO of OHB SE: “Looking forward, OHB will be more active than ‎before in applications and services. Our existing Orbcomm products give us a very good ‎starting position for this.” ‎

M2M Europe Network & Solutions GmbH will be able to harness the experience of OHB SE and ‎its investments in Orbcomm Inc. (Orbcomm Germany and Orbcomm Europe) as well as OHB ‎Logistics Solutions GmbH. M2M Europe will be integrating the business of Orbcomm Germany ‎and Europe and marketing existing Orbcomm products as well as its own products and ‎services across Europe. These include, for example, truck and cargo tracking and monitoring ‎as well as the monitoring of stationary machinery without a fixed-line Internet connection.‎

As Jochen Harms, the newly incorporated company’s managing director, stresses: “M2M is one ‎of the world’s fastest growing markets in the information and communications technology (ICT) ‎sector. Here in Austria, we are well positioned not least of all thanks to the support of the ‎Austrian Research Promotion Agency (FFG), which will allow us to establish a high-growth ‎company.”‎

Source / Author: OHB