Sateliot launches GroundBreaker satellite using 5G standard, aims to ‘democratise’ IoT

Sateliot, an IoT provider to operate a low-Earth orbit (LEO) nanosatellite constellation with 5G-IoT standard, has launched Sateliot_0 “The GroundBreaker”. This is reportedly the 5G standard LEO satellite, designed to ‘democratise’ access to the Internet of Things (IoT). The launch happened aboard a SpaceX Falcon 9 from Vandenberg U.S. Space Force Base in California, after

Read more

Netmore divests M2M business to telecom, IoT operator Melita

Maltese telecom and IoT operator Melita Ltd is acquiring Netmore Group’s wholly owned subsidiary Netmore M2M AB (Netmore M2M) for an initial cash purchase price of EUR 1.75 million (approximately SEK 19.6 million), plus a conditional additional cash purchase price of up to a further EUR 2.6 million (approximately SEK 29 million). The parties have

Read more

GTT to acquire Interoute €1.9 billion

GTT Communications, Inc., the global cloud networking provider to multinational clients, announced a definitive purchase agreement to acquire Interoute, operator of one of Europe’s largest independent fibre networks and cloud networking platforms, for approximately €1.9 billion ($2.3 billion) in cash.

Read more

PassivSystems Limited seeks crowdfunding investment to accelerate UK and overseas growth

PassivSystems Limited has launched a fundraising campaign on Crowdcube that will enable the company to accelerate its growth strategy. The initial target of £650,000 will provide additional working capital to support faster deployment of its smart energy management services for utility companies, solar PV asset managers and the fast-growing district heating markets.

Read more

Itron spends $830m on Silver Spring to accelerate smart grid and smart city innovation and growth

Itron, Inc and Silver Spring Networks, Inc. have signed a definitive agreement for Itron to acquire all outstanding shares of Silver Spring for $16.25 (€13.55) per share in cash.

Read more

Strong tech M&A activity in second half of 2017, market report from Hampleton Partners

Hampleton Partners, an international mergers and acquisitions (M&A) and corporate advisory firm for technology companies, issued 11 technology M&A market reports for 2H 2017 in the key business segments of artificial intelligence (AI), augmented reality/virtual reality (AR/VR), automotive technology,

Read more

ScanSource announces agreement to acquire Intelisys

ScanSource Inc., a global provider of technology products and solutions, announced a definitive agreement to acquire Intelisys Communications, Inc., the technology services distributor of business telecommunications and cloud services.

Read more

Telit’s 2015 results show EBITDA up 31% to $45.3m, CEO expects further benefits of scale

Telit Communications PLC, a global enabler of the Internet of Things (IoT), has published its preliminary results for the year to December 31, 2015. Revenues for the year rose 13.4% to US$333.5 million (2014: $294 million).

Read more