Investment AB Latour-backed Bemsiq completed the acquisition of Eelectron.

Investment AB Latour-backed Bemsiq, a smart meter manufacturing company, completed the acquisition of 51% stake in Eelectron, an automation company. Financial terms were not disclosed. "We want to give our warmest welcome to all Eelectron and IPAS employees. We have known and followed Eelectron for many years and are impressed by their position and growth journey within the KNX market. The acquisition of IPAS creates a uniquely strong KNX/DALI platform offering new growth opportunities for Bemsiq from a product and application perspective,” Mikael Johnsson Albrektsson, CEO.