SANDY, Utah, March 19 (UPI) -- U.S. tracking and electronic monitoring company SecureAlert Inc. is acquiring Israeli technology company GPS Global Tracking & Surveillance System Ltd.
Acquisition of GPS Global will add a suite of technology solutions and services for locating, tracking, tracing, monitoring and surveillance of offenders, vehicles, facilities and human resources, SecureAlert said. It will also expand SecureAlert's global presence.
"We evaluated many successful companies as acquisition candidates to launch our expansion strategy, which in turn will accelerate SecureAlert's progress toward establishing a strong leadership position in the evolving electronic monitoring industry," said SecureAlert Chairman Guy Dubois. "GPS Global brings considerable and immediate value to SecureAlert by virtue of its seasoned management team, Israel-based R&D capabilities and extensive business connections across many international markets."
The transaction is expected to close next month. Financial conditions of the acquisition, however, were not disclosed.
"We are excited for GPS Global to become a part of SecureAlert, and to use our combined talents and resources to propel the world's most innovative electronic monitoring technologies into expansive new markets," said Eli Sabag, GPS Global's owner and chairman. "Together we expect to develop and introduce a new generation of cost-efficient, high-end solutions to meet the needs of thousands of government agencies and businesses of all sizes."
