Montagu-backed Wireless Logic completed the acquisition of Webbing.

Montagu-backed Wireless Logic, a provider of communication software solutions, completed the acquisition of Webbing, a connectivity services provider. Financial terms were not disclosed. “Webbing exhibited remarkable foresight by recognising the constraints of existing eSIM standards for IoT devices and anticipating enterprise demand for efficient eSIM provisioning solutions. This acquisition will expand our technology capabilities and offering, particularly as the new GSMA IoT eSIM standard gains prominence. Furthermore, Webbing’s local presence and partnerships in regions including the US and Asia, will further enhance our ability to deliver a future proof, flexible and fully redundant global connectivity through a single SIM," Oliver Tucker, Wireless Logic CEO.