LumenRadio acquires Radiocrafts - a global radio-module manufacturer and wireless technology provider
LumenRadio AB (publ) ("LumenRadio") announces today that it has entered into a binding agreement to acquire Radiocrafts AS (“Radiocrafts”), a wireless communication technology company, for an initial purchase price of 85 MNOK. This strategic acquisition adds another business area (Smart Metering) to LumenRadio and broadens the company's existing product portfolio and customer base.Radiocrafts Radiocrafts is a well-established player in wireless communication and develops radio modules and network solutions for various industries, such as smart grids and energy management, water