Melita Limited has significantly extended the international reach of its innovative IoT connectivity solution melita.io with the acquisition of M2M SIM card business Netmore M2M, owned by Sweden-based IoT operator Netmore M2M AB.
Netmore M2M forms part of Netmore Group, which through its customised connectivity solutions, empowers IoT companies all over the world with smart, robust and affordable connectivity.
Netmore Group Chief Commercial Officer Andreas Stenhager said: “The sale of Netmore M2M is another step in our strategic focus on our fastest growing business area, IoT/LoRaWAN, and represents a significant contribution of capital to our business and also the beginning of a partnership with Melita.”
“We are pleased that Netmore M2M will have a very well-suited owner who can continue to manage and develop the business for the benefit of the customers,” he added.
“The acquisition of Netmore M2M will further strengthen our fast-growing business for SIM-based IoT connectivity by adding customers from across Europe,” Melita CEO Harald Roesch said.
“The partnership with Netmore AB will also be a strategic element in our future expansion,” he continued.
He added that Netmore M2M customers “stand to gain a range of benefits, such as improved international coverage, cheaper roaming rates, cheaper and more flexible data bundle options, and a user-friendly portal with the facility to manage M2M SIMs remotely”.
IoT has become an integral part of people’s lives, with numerous smart devices installed in modern households that are continually collecting and processing information. Wireless technologies allow this data to be transmitted in real-time, so that the condition and status of what is being monitored can be instantly assessed.
IoT provides companies with the insights and data they need to increase automation, improve operational efficiency and reduce costs.
It also plays an important role in cushioning the impact of industry on the environment, such as saving water, reducing pesticides used by farmers, and enabling transport and logistics operators to minimise fuel consumption.
Meanwhile, in both the hospitality sector and domestic homes, IoT can be used to optimise the use of heating, lighting, and cooling, which saves energy, resulting in lower bills.
Featured Image:
Melita Ltd CEO Harald Roesch
Ganado Advocates announce three Senior Associate appointments
The appointments enhance the firm's capabilities in capital markets, investment services, and corporate law.
Restrictive spending policies could be stifling business growth, say finance leaders
The research, which surveyed both employees and finance leaders, highlights the negative impact that restricted budget access can have on ...
Helga Ellul appointed Independent NED at Central Business Centres
Over the years, she has held numerous directorships and leadership positions across local businesses, governmental organisations, and non-profit entities.
Is generative AI a business asset or a data security liability?
Each time a user enters data into a GenAI platform, the information becomes part of the system's learning model.
