Wireless Logic continues acquisition spree with IoThink Solutions deal
Summary
The Internet of Things industry has witnessed a bullish run in recent years, leading to heavy financial investments from many companies worldwide. This acquisition is focused on leveraging IoThink’s IoT solutions to create more opportunities for Wireless Logic customers who need ways to control connected devices, analyze data and monitor fleets. With locations in various European territories and China, and a customer base that spans several sectors such as healthcare, utilities and smart cities, transportation, security and agriculture, Wireless Logic will be hoping to achieve legendary status and pave the way for more efficiency in IoT development, automation and management through this acquisition. For instance, Chipmaker Semtech announced the acquisition of IoT specialist Sierra Wireless for $1.2 billion in August this year. Similarly, Wireless Logic also enjoys the financial backing of Montagu Private Equity which enables it to push for wider IoT market expansion through acquisitions.
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