Vantis PLC accepts offer for MarineTrack the brand and associated assets.
The offer submitted by StratumFive Ltd ensured existing Ship Security Alert Systems and general satellite tracking services remained un-interrupted. MarineTrack Ltd, the previous owner, was a subsidiary of MarineTrack Holdings PLC, which was affected by the recent economic downturn forcing difficult operating conditions onto the subsidiary. In a brief statement by a StratumFive spokesperson the new owners stated: “We are delighted to be in a position to continue delivering mission critical services; as new owners our immediate attention is to administer services to existing clients. We are in the process of meeting clients to discuss their-long term intentions. Once we are satisfied all clients are comfortable with our new service agreements, we will issue a further statement”.
