Tern to acquire Pires Investments for £15m.

Tern, an investment company focussed on IoT, agreed to acquire Pires Investments, a venture capital firm, for £15m. “We are delighted to be announcing the proposed acquisition of Pires. Combining Tern and Pires will, I believe, deliver benefits to the shareholders of both companies. It will create a group with larger scale and a more diverse, but synergistic, network of exciting technology companies,” Al Sisto, Tern CEO.