Wireless Logic Group, Europe’s leading IoT connectivity platform provider announced the acquisition of M2MBlue, a M2M and IoT connectivity specialist with a focus on high-bandwidth applications.
Located in Enschede, Netherlands M2MBlue was founded in 2015, yet 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. Such technology is now being used within the travel sector including river cruisers and ocean liners to cater for the high data needs of passengers. Annual usage levels typically reach hundreds of terabytes per deployment. M2MBlue has also built a growing base of more mainstream IoT connectivity uses including transport & logistics, in-vehicle applications and broadcast.
The acquisition by Wireless Logic Group for an u********** 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 €100m.
Commenting on the M2MBlue acquisition, Oliver Tucker, Group CEO for Wireless Logic Group said: “Welcoming M2MBlue into the group enables us to significantly strengthen our connectivity solutions offering across Europe and further afield. With a number of significant vertical markets, we hope to capitalise on their experience particularly in the ultra-high data usage space. The team at M2MBlue have achieved amazing results to date, and we will welcome their drive and passion as they join the Wireless Logic family.”
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For M2MBlue, Christian Westers, CEO and founder said: “Becoming part of a Europe-wide leading provider in Wireless Logic Group is the natural progression for M2MBlue. Collectively we will be able to open new doors and new markets backed by the platforms, infrastructure and commercial might of the group. It is all due to the incredible individuals within M2MBlue that we now find ourselves a member of an increasingly global player in the IoT connectivity world. We look forward to the future.”
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