Altus Positioning Systems Fully Acquired By Septentrio Satellite Navigation
TORRANCE, CA announces the completion of the acquisition and integration of , forming a global leader in the provision of highly accurate and reliable GPS/GNSS positioning equipment. The integrated company will continue to focus on developing emerging markets across the globe and increase advancements in the field of GIS.
"At the heart of this fusion are our customers," said , CEO and President of Septentrio. "They will benefit from this unique opportunity which combines the knowledge and experience of Septentrio in GNSS positioning with experience of Altus-PS in survey, mapping and GIS; and from an expanded offering of products and services under one group."
Septentrio Satellite Navigation and Altus-PS started working together in 2007. The collaboration between the two companies has already resulted in a series of successful products such as the APS-NR2, APS-3, APS-U and APS-GeoPod. These are highly credited in the field of surveying and GIS for providing essential accurate and reliable results and ease of operation that is changing the GIS market. The smart antenna products will form a product line in the Septentrio product portfolio.
This partnership will be even stronger as the acquisition brings key capabilities and synergies in other areas such as testing, manufacturing, and delivery, which will now be based from Septentrio's corporate headquarters located outside the Belgian city of Leuven, Belgium.
, formerly President of Altus-PS, becomes Vice President of Septentrio Americas. He said, "The fusion of our two companies is a logical step in our evolving business relationship and professional collaboration. We look forward to leveraging the strengths of both our organizations to grow the market for Septentrio products across a wide range of market sectors and build the same level of success for Septentrio products in the American market that we have enjoyed elsewhere in the world."