Yesatlink, a Spanish company that develops technological solutions for the maritime sector, has acquired the Canadian Xeos Technologies, a company that develops tracking and surveillance solutions designed for devices for maritime and oceanographic use. Headquartered in Halifax, Nova Scotia, Canada, Xeos works with hundreds of public and private clients. Financial details of the transaction have not been disclosed.
Through this acquisition, Satlink strengthens its position as a technology provider for ocean management and sustainability and consolidates its presence in North Americawhere it was initially established in 2020, and will therefore have offices in Spain, Korea, Taiwan, Seychelles, Ecuador and Fiji, in addition to the new office in Canada.
This transaction will allow us to accelerate our international expansion and improve our product portfolio.
Faustino Velasco, founder and president of Satlink, declared himself “very enthusiastic about the integration of Xeos and being able to welcome on board a team of professionals with whom we share our vision”. AND Derek Inglis, co-founder and president of Xeosnoted that “this transaction will allow us to accelerate our international expansion and improve the product portfolio through more innovative solutions and, therefore, take Xeos to the next level.”
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