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The Dutch narrowband satellite communications company Hiber, which recently went bankrupt, is making a relaunch. One will focus on HiberHilo, a solution for the energy sector.

Hiber provides IoT communications for business machine-to-machine applications. In practical terms, that means monitoring industrial real estate, vehicles, marine equipment, heavy equipment for the mining and oil industries and smart meters. With a small transmitter on board, all such objects can be read via space for things like status, location and occupancy, for example.

This time last year, Hiber came into the hands of Astrocast of Switzerland. Hiber's shareholders invested more than ten million euros in the buying party to help finance its growth plans.

At the time, the Amsterdam-based scaleup had been plagued by liquidity problems for years. In coronagraph 2020, it posted a loss of 10 million euros.

The Swiss bought the Dutch company in part because of its customer portfolio in the oil and mining industries, coverage in the U.S. and specialized workforce.

Astrocast had plans to launch more than a hundred IoT satellites

The new owner is a subsidiary of Finch Capital with offices in Amsterdam, London and Dublin.

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