Announced
Completed
Financials
Tags
IoT connectivity
Telecommunications Services: Other
Cross Border
Majority
Friendly
France
Single Bidder
Private
Completed
Acquisition
Synopsis
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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