Product category: Wireless Communications
News Release from: Hemisphere GPS
Edited by the Electronicstalk Editorial Team on 5 January 2006
Hemisphere locates GPS acquisition
The Hemisphere GPS Division of CSI Wireless has acquired Del Norte Technology of Euless, Texas, for US $940,000
The transaction is effective from 1st January 2006, and is expected to close prior to 31st January 2006. With 2005 sales of approximately US $1.7 million, Del Norte has more than 20 years experience designing and manufacturing specialised GPS products for the aerial guidance market - primarily crop dusting or aerial spraying.
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Hemisphere GPS is already a global leader in aerial guidance for agriculture, through its popular Satloc brand that includes AirStar, LiteStar and M3 products.
Hemisphere will offer its Satloc products and the Del Norte products - including DGPS Flying Flagman FliteTrac, IntelliFlow and Spray Off - through a new division called Hemisphere Air.
'Combining the capabilities of the Satloc and the Del Norte brands will enable us to offer a broad range of products across almost all product application levels and geographic regions', said Rick Heiniger, President of Hemisphere GPS.
'Our primary goal is to serve the growing aerial application industry with very focused effort'.
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'We will also be the worldwide market leader - accounting for about three-quarters of all GPS aerial guidance sales'.
Satloc has a strong customer base in North and South America, Africa and Australasia that will very effectively complement Del Norte's customer base in Central America, Australasia and Africa.
Satloc and Del Norte will also capitalise on each other's strong distribution networks, and achieve other cost-saving operational efficiencies.
'Hemisphere GPS is committed to the aerial guidance market, and our Del Norte acquisition underlines that fact', Heiniger said.
'We plan to be an increasingly dominant player in this space'.
'Combining our expertise in pilot guidance and situational awareness with Del Norte's expertise in aerial flow control systems and automation will help us succeed'.
Del Norte President Ron Spinek, who becomes Vice-President of Hemisphere GPS and General Manager of Hemisphere Air, added: 'This transaction brings together two of the strongest teams in the industry'.
'Combining our engineering resources and other product development strengths, while achieving important cost efficiencies, will mean added value to all Del Norte and Satloc customers'.
Hemisphere GPS is a technology leader in several specialised niche markets, including both aerial and ground-based agricultural applications.
The company is intent on leveraging its leadership and underlying intellectual property to increase its dominance in existing GPS markets and in emerging GPS markets, including forest firefighting, pest control, data collection and environmental initiatives.
'Being the best in the GPS precision agriculture market is very important to us', said Stephen Verhoeff, CSI's President and CEO.
'The quality of our products, the growing demand they are generating, and our reputation in the marketplace, have made precision agriculture an important part of business for many years'.
'Satloc and Del Norte are leaders in the aerial precision market, and combining our strengths will ensure that CSI and Hemisphere GPS remain leaders too'.
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