Maltese telecom and IoT operator
Through this transaction, these customers will have new tools for SIM card based IoT project deployment as Melita brings a proprietary connectivity portal with increased functionality, extensive IoT SIM roaming coverage, as well as additional security options. Melita is licensed and regulated in
The additional cash purchase price will be calculated based on the EBITDA of Netmore M2M in 2023 (additional purchase price 1) and the first half of 2024 (additional purchase price 2).
Profit impact and other economic effects related to the transaction
The sale of Netmore M2M will initially raise
Subject to target achievement, the additional purchase price 1 will accrue to
At the same time, the divestment reduces
About Melita
Melita has over 30 years' experience in helping people stay connected with the most technologically advanced telecommunications services. Melita provides smart solutions for business, combining nationwide gigabit fixed internet and 5G mobile networks across
"The sale of Netmore M2M is another step in our strategic focus on our fastest growing business area IoT/LoRaWAN. The sale represents a significant contribution of capital to our business and also the beginning of a partnership with Melita.
We are pleased that Netmore M2M will have a very well-suited owner who can continue to manage and develop the business for the benefit of the customers,"
says Andreas Stenhager, Chief Commercial Officer,
"The acquisition of NetmoreM2M will further strengthen our fast-growing business for SIM-based IoT connectivity by adding customers from across
explained
This information is information that
Contact information:
Andreas Stenhager, Chief Commercial Officer,
Tel: + 46 700 80 88 25
Email: andreas.stenhager@netmoregroup.com
Tel: +356 7943 0026
Email: smallia@mediainsiders.com.mt
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Together with property owners, IoT service providers and other partners, we are building secure, reliable and open IoT ecosystems that enable digitalisation across sectors and industries in all geographic markets.
https://news.cision.com/netmore-group-ab--publ-/r/netmore-divests-m2m-business-to-telecom-and-iot-operator-melita,c3703559
https://mb.cision.com/Main/15900/3703559/1806716.pdf
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