Kore acquires M2M counterpart Mach

Kore Wireless Group Inc. announced it has acquired Australian-based M2M provider Mach Communications Pty.Ltd. to grow its machine-to-machine business for multinational companies. Terms of the acquisition were not announced between the two privately held companies. Melbourne, Australia-based Mach is set to become Kore Wireless Asia-Pacific in coming weeks.
Mach primarily has operations in Australia and New Zealand today, but supports customers in Asia, Europe, South Africa and the United States. The acquisition by Kore expands the company’s physical footprint , but also will enable Kore to do an even better job at servicing M2M assets 24 hours a day, said Alex Brisbourne, president and COO of Kore. Further, the Asia-Pacific region could see M2M growth of almost 50% higher than in North America during the next five to seven years.
High-value assets like refrigerator containers, gas lines and the like need constant monitoring, he said. “These apps never go to sleep.” And yet, some of these assets are located in remote locations without cellular coverage. “Today, around 92% of the world is not covered by cellular,” Brisbourne noted, adding that Kore’s partnership with Iridium Inc. allows it satellite services as well as GSM, HSPA and CDMA coverage. Kore announced partnerships with Iridium and Vodafone Group plc earlier this year.
Kore has been working with Mach for three years, according to the company. “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,” Brisbourne said in a prepared statement.