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Announced

Completed

Wireless Logic Group completed the acquisition of Matooma.

Financials

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

Tags

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IoT connectivity

Telecommunications Services: Other

Cross Border

Majority

Friendly

France

Single Bidder

Private

Completed

Acquisition

Synopsis

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Wireless Logic Group, an IoT connectivity platform provider, completed the acquisition of Matooma, a Montpellier, France-based IoT connectivity specialist. Financial terms were not disclosed. "We are delighted to be welcoming the Matooma team into the group. In just seven years, they have built an enviable reputation in France by delivering highly responsive and tailored IoT connectivity services, supported by exceptionally strong leadership. Over the coming months our integration programme will enable the group to enhance our best-in-class connectivity platform solutions to which Matooma will play a significant role, particularly within their core markets," Oliver Tucker, Wireless Logic Group CEO.

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