Netmore Group has finalized the purchase of Actility, a French company specializing in low-power wide-area network (LPWAN) technology. The transaction was supported by Scotto Partners, who advised Actility’s founder and CEO throughout the sale process.
Actility is recognized for its expertise in wireless communication solutions that enable efficient connectivity for Internet of Things (IoT) devices. The acquisition aims to enhance Netmore Group’s position in the LPWAN and IoT markets by integrating Actility’s technology and customer base.
**Why this matters**
The acquisition strengthens Netmore Group’s capabilities in LPWAN technology, a critical component for expanding IoT infrastructure. By incorporating Actility’s solutions, Netmore can offer more comprehensive services to businesses seeking scalable and energy-efficient wireless communication. This move reflects ongoing consolidation in the IoT sector as companies aim to accelerate innovation and market reach.