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Wireless Logic Group Acquires Netherlands-Based M2MBlue
Monday 11 February 2019

11 February 2019 - London, UK-based IoT connectivity platform Wireless Logic Group has acquired Netherlands-based IoT connectivity specialist M2MBlue, with a focus on high-bandwidth applications, the company said.
The acquisition by Wireless Logic Group for an undisclosed sum is the group's fifth in just four years. It is the first since Montagu Private Equity invested into the organisation earlier in June 2018. Group revenues for 2019/20 will now be in the region of EUR 100m (USD 113m).
M2MBlue said becoming part of a Europe-wide provider in Wireless Logic Group is the natural progression for M2MBlue.
Collectively the company will be able to open new doors and new markets backed by the platforms, infrastructure and commercial might of the group.
Wireless Logic Group works with thousands of application providers, systems integrators and enterprises delivering a portfolio of services including management platforms, private network infrastructure and specialist mobile, satellite, fixed line and low power wireless area network (LPWAN) connectivity.
M2MBlue has already assembled an impressive suite of connectivity products which include hybrid solutions combining cellular, satellite and land connections to deliver end-to-end secure internet services.
Details
Date Published: 11/02/2019
Target: M2MBlue
Country: Netherlands
Sector: Telecommunications
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Wireless Logic Group
Comment:
Terms of the deal were not disclosed

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