Spanish technology group Satlink has acquired Xeos Technologies, a Canadian company with 20 years of experience in providing specialised asset-tracking systems and communication services operating under harsh maritime environments and the oceanographic field. Based in Halifax, Xeos serves hundreds of public and private customers.
This acquisition strengthens , Satlink’s position as a strategic provider of high value-added technology for the knowledge and management of oceans. In particular, with this acquisition, Satlink increases its presence in North America, where the company initially established a presence in 2020. As such, Satlink will complement its existing locations in Spain, Korea, Taiwan, Seychelles, Ecuador and Fiji with a new office in Canada.
‘We are very excited to integrate Xeos and welcome the team onboard, with whom we share the same vision for the future: relentless innovation, commitment to quality, and improving ocean knowledge and sustainability through technology. That’s where we want to make the difference,’ said Satlink founder and chairman Faustino Velasco.
Xeos’ founders and management team will reinvest into Satlink, further strengthening the partnership and future strategic vision.
‘The agreement with Satlink represents an important recognition for the work done since the company’s foundation. We believe Satlink is the perfect partner for Xeos and will allow the company to accelerate its international expansion while enhancing the current product portfolio, fostering even more innovative solutions and, accordingly, bringing Xeos to the next level. We are thrilled to start this new phase alongside Faustino and the wider Satlink team,’ commented Derek Inglis, co-Founder and President of Xeos.
‘We are pleased to join a group that not only shares our vision for the sustainability of the oceans, but also demonstrates a genuine commitment to maritime technology,’ added Geoff MacIntyre, Vice President and General Manager of Xeos.
‘We believe that the combination of our two companies will significantly enhance our ability to serve our clients with world-leading technology and service.’
