Netmore has acquired Actility, a prominent leader in industrial-grade low-power wide-area network (LPWAN) connectivity and IoT tracking solutions, for an undisclosed amount. Actility, recognized as one of the co-inventors of LoRaWAN® technology and a founding member of the LoRa Alliance, operates the ThingPark™ platform. This platform supports multi-radio connectivity, including LoRaWAN, NB-IoT, and LTE-M, and powers over 50 public networks globally, alongside numerous private and enterprise deployments. Through its subsidiary Abeeway, Actility also provides patented ultra-low power, multi-radio trackers and comprehensive indoor and outdoor geolocation services. Furthermore, its ThingPark Market offers an extensive catalog of LoRaWAN® devices, gateways, and solutions.
This strategic acquisition significantly enhances Netmore's capabilities within the rapidly expanding Internet of Things sector. By integrating Actility's established technology and market leadership, Netmore aims to strengthen its position in providing robust and scalable IoT infrastructure. The move is expected to accelerate Netmore's expansion into new markets and deepen its offerings in critical areas such as industrial IoT, smart logistics, and asset tracking, leveraging Actility's comprehensive platform and global network presence.
The combination of Netmore and Actility is anticipated to generate substantial synergies, particularly in delivering end-to-end IoT solutions. Actility's expertise in network management, device connectivity, and geolocation, coupled with its extensive ecosystem of partners and customers, will complement Netmore's strategic objectives. The unified entity will be better positioned to offer a more comprehensive suite of services, from foundational LPWAN infrastructure to advanced tracking and data management, catering to a broader range of enterprise and industrial clients worldwide.
Looking ahead, the combined organization is poised to drive innovation and expand its footprint in the global IoT market. This acquisition underscores a commitment to advancing industrial IoT solutions and providing reliable, scalable connectivity that meets the evolving demands of digital transformation across various industries.