Netmore is increasing LoRaWAN® coverage in Sweden through acquisition of IoT network from Talkpool – Letter of intent signed
Netmore and Talkpool has signed a letter of intent regarding an acquisition of Talkpool’s IoT Network. Approximately 100 new active gateways will after network consolidation increase both reach and coverage of Netmore’s LoRaWAN network. An important step in our journey towards a nationwide IoT network in Sweden, says Netmore CEO Ove Anebygd
On December 2, 2020, Netmore and Talkpool signed a letter of intent stating that Netmore will acquire Talkpool's IoT network based on LoRaWAN technology. The agreement strengthens Netmore's business and customer offering as both network coverage and reach will increase due to consolidation of the two networks. The service will improve in areas such as Stockholm, Gothenburg, Malmö, Uppsala, Linköping, Lund, Eskilstuna and Södertälje.
“The agreement is an important step in our journey towards a nationwide IoT network and strengthens both our customer offering and our reach. By taking responsibility for the coverage issue, we extend a hand to Swedish companies that develop IoT solutions and welcome them to use our network as our partners. We have identified the potential in large-scale IoT and know that there are a large number of companies in the Swedish and European markets whose solutions require the simplicity and scalability we offer”, says Ove Anebygd, CEO of Netmore.
“At Talkpool, we see a strong demand for our IoT-based solutions for IMD, environmental certification and energy efficiency. The transfer of the network means that we free up internal capacity and can focus on increasing the roll-out pace of our existing services and sensors. It also enables a faster and wider roll-out of new solutions related to moisture, water damage and radon where there is a need for a national network with good coverage. The deal is a win-win for both Netmore and Talkpool, and we see great potential in continued collaboration”, comments Stefan Lindgren, CEO Talkpool AB
For more information, please contact:
Ove Anebygd CEO, +46 705 195 798, ove.anebygd@netmoregroup.com
Thomas Plate CFO, +46 76-894 92 39, thomas.plate@netmoregroup.com
Netmore Group AB is an IoT operator that enables comprehensive and dedicated solutions for cities, industries and properties and. Together with our partners, we build secure, reliable and sustainable communication networks and develop an ecosystem for the Internet of Things, locally, nationally and globally.
Netmore Group was formed in 2010 and since 2017 listed on the Nasdaq First North Growth Market. G&W Fondkommission is the Company's Certified Adviser regarding the listing at Nasdaq First North Growth Market.
Tel: 08-503 000 50, e-mail: ca@gwkapital.se