Satlink Acquires Canadian Xeos Technologies
Satlink, a global leader in proprietary technology solutions for the maritime sector, has acquired Xeos Technologies (“Xeos”), a Canadian company with 20 years of experience in providing specialized asset-tracking solutions and communication services for high-value devices operating under harsh maritime environments and the oceanographic field. Based in Halifax (Nova Scotia, Canada), Xeos serves hundreds of public and private customers.
Through this acquisition, Satlink strengthens its position as a strategic provider of high value-added technology for the knowledge and management of oceans. Its cutting-edge developments in data collection and analysis not only enable a better understanding of the oceans and their resources, but also ensure the long-term sustainability of these resources. With over 7,500 clients – including governments, maritime regulators and fisheries – Satlink exports its products and solutions to more than 90 countries.
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. Xeos’ founders and management team will reinvest into Satlink, further strengthening the partnership and future strategic vision. Terms of the deal have not been disclosed.
Faustino Velasco, Founder and Chairman of Satlink, said: “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.”
Derek Inglis, co-Founder and President of Xeos, added: “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.”
Geoff MacIntyre, Vice President and General Manager of Xeos, commented: “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. We believe that the combination of our two companies will significantly enhance our ability to serve our clients with world-leading technology and service”.