The terms of the transaction, which is subject to regulatory approval, have not been disclosed.
Orolia says that through this acquisition, it will become the only company capable of supplying a single-vendor, end-to-end COSPAS-SARSAT emergency solution from distress beacons to satellite communications to mission control centres equipped with search and rescue management software.
“The acquisition of TSi positions Orolia as the premier supplier of search and rescue products, systems and solutions globally,” said Jean-Yves Courtois, CEO of the Orolia Group.
“TSi has established itself as a leader in the COSPAS-SARSAT search and rescue market for the past 25 years with compelling products, advanced technologies and in-depth industry knowledge. By combining our market-leading brands, leveraging our common domain expertise and integrating our development efforts, Orolia and TSi will create the world's leading technology provider for the COSPAS-SARSAT community.”
TSi is involved in the development and implementation of MEOSAR (Medium-altitude Earth Orbit Search and Rescue) and is in the process of rolling out COSPAS-SARSAT/MEOSAR satellite ground station systems. Each system is designed to operate with the new GPS, GLONASS and GALILEO satellite constellations.
The COSPAS-SARSAT MEOSAR system is currently entering its “Initial Operation Capability” (IOC) phase, the company said.
“The world of search and rescue will benefit greatly from innovations in MEOSAR – reducing response times and improving location precision to save more lives,” said Mr Courtois.
“MEOSAR’s advanced technologies can accurately detect and locate a distress beacon signal almost instantaneously instead of taking up to 30 minutes in the worst case today.”
By combining TSi’s satellite communications infrastructure and emergency response software with Orolia’s safety and monitoring products, Orolia says it will be able to provide companies with a comprehensive eco-system of search and rescue solutions.
“Orolia’s strong product portfolio coupled with TSi’s turnkey solutions reinforces the position of Orolia as the world leader in the emergency response market and in the Maritime Domain Awareness sector,” said Jean-Luc Abaziou, CEO of TSi.
“We are very pleased with this agreement – it enables us to offer our customers the broadest set of emergency solutions available in the industry today.”