Cisco completed the acquisition of Fluidmesh Networks.

Cisco, a US-based technology conglomerate, completed the acquisition of Fluidmesh Networks, a wireless backhaul systems provider, from two private equity firms Generation3 Capital and Waveland Investments. Financial terms were not disclosed. “With wireless technology playing a greater role in every organization’s multi-access IoT strategy, reliable wireless connectivity is paramount to organizations operating Industrial IoT environments, whether that’s manufacturing, mining, rail, or ports, where wireless technology automates operations to improve safety and lower costs. The acquisition of Fluidmesh strengthens Cisco’s offerings in this space with leading technology that’s designed to provide zero loss of data transfer at speeds in excess of 300 Km/h," Liz Centoni, Cisco Senior Vice President Emerging Technologies and Incubation.