Brief: Netmore's ECN Acquires Spanish Lorawan Operator Redexia

Netmore AB

14/06/2022 07:32

June 14 (Reuters) - Netmore Group AB  NETMb.ST :
    * NETMORE'S NETWORK COMPANY ECN ACQUIRES SPANISH LORAWAN
OPERATOR
REDEXIA
    * ACQUISITION INVOLVES NETMORE AND ECN TAKING OVER CUSTOMER
CONTRACTS, EXISTING NETWORK INFRASTRUCTURE AND REDEXIA'S
COMMERCIAL AND TECHNICAL ORGANISATION
    * SPANISH IOT MARKET IS CHARACTERISED BY LARGE INVESTMENTS
IN
WATER AND GAS METERING, WHICH IS EXPECTED TO CONTRIBUTE TO
SIGNIFICANT SENSOR GROWTH IN IOT NETWORK IN COMING YEARS
    * ACQUISITION OF LORAWAN OPERATOR REDEXIA IMMEDIATELY
ESTABLISHES
NETMORE AND ECN IN IMPORTANT SPANISH IOT MARKET
    * DEAL ALSO INCLUDES EXISTING CUSTOMER CONTRACTS AND
EXPECTED
ORDER INTAKE RESULTING FROM ALREADY INITIATED CUSTOMER DIALOGUES
BY REDEXIA
    * ACQUISITION PROVIDES BOTH TECHNICAL EXPERTISE AND
COMMERCIAL
MOMENTUM AS REDEXIA ORGANISATION JOINS COMPANY AND WILL CONTINUE
SUCCESSFUL DEVELOPMENT OF SPANISH MARKET.

Source text for Eikon:  ID:nWkr5VgxYd 
Further company coverage:  NETMb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))