.
MergerLinks Header Logo

New Deal


Announced

Finistere and Maersk Growth-backed TeleSense to acquire Webstech.

Financials

Edit Data
Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Friendly

Electronic Components and Equipment

Pending

Acquisition

wireless sensor technology

Private Equity

Denmark

Single Bidder

Synopsis

Edit

TeleSense, an IoT technology solutions provider to improve grain storage, acquired Webstech, a Danish wireless sensor technology company with a strong European user base. With the acquisition, TeleSense now has access to the largest remote-sensed dataset in the world and can offer a complete suite of sensor technologies built to work in grain storage environments. Financial terms were not disclosed. "The acquisition of Webstech greatly accelerates our entry into the European market and provides millions of additional historical data points to further refine our machine learning technology and predictive algorithms," said TeleSense CEO Naeem Zafar.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US