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StratumFive Ltd purchases Marinetrack

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”.