Finistere and Maersk Growth-backed TeleSense to acquire Webstech.

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.