As previously announced in a prior press release earlier today
- 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 platform, IoT Open. Thanks to this integration, we will be able to optimize costs and expand our offering even further, saysKlas Westholm , CEO ofTH1NG .
IIOOTE Sweden provides services to, among others, Mittnät, including nine municipalities, as well as Servanet with six municipalities. IIOOTE also provides services to a number of corporate customers. All technical development, innovation work, and sales in the Swedish company take place at the headquarters in
- By integrating
TH1NG 's and IIOOTE's technical solutions, we can both optimize the costs of services and broaden the functionality. We have a large customer base demanding more services, and with this acquisition, we add to our portfolio and expand our offering, saysKlas Westholm .
With the acquisition of IIOOTE,
- The deal means that
TH1NG also establishes a foothold inGermany , and that we can find new customers in a new market. Together, we will be able to sell and deliver more services to both existing and new customers, thus increasing our revenue, saysKlas Westholm .
-
We are looking forward to further developing IoT services within
TH1NG . The need for an application platform supporting various types of services, independent of technology, is increasingly in demand.TH1NG is often asked the same question, and we find ourselves in a very clear synergy where one plus one equals three. Today, IIOOTE has around 40 customers in various smart applications, and we are ready to scale up significantly together. Thus, we are prepared for expansion and larger deals in a market where IIOOTE has gained a lot of trust, says Robert Spertina, CEO ofIIOOTE AB .
For more information:
VD,
E-post: klas.westholm@th1ng.se
Mobil: +46 (0)737-45 48 00
TH1NG DEVELOPS AND DELIVERS CRITICAL DIGITAL INFRASTRUCTURE ENABLING SMART AND SUSTAINABLE SOCIETIES. The IoT platform IoT Open, enables
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