TH1NG acquires IIOOTE and expands internationally
As previously announced in a prior press release earlier today TH1NG has acquired all the shares of the IoT platform provider IIOOTE. IIOOTE with operations in Sweden and Germany offers a wide range of products with over 50 pre-packaged services. This acquisition means that TH1NG now provides services to approximately 40 municipalities in Sweden and is embarking on an international expansion in Germany.· This is a strategically great acquisition of a competitor that will now complement us and strengthen our development. The ambition is to integrate IIOOTE's solutions with TH1NG's IoT