IoT connectivity platform provider Wireless Logic has acquired Leicestershire-based Mobius Networks for an undisclosed sum.
Mobius is a mobile virtual network operator, providing data connectivity services for IoT and machine-to-machine (M2M) applications. It was founded in 2004 and clients include councils in Bracknell, East Ayrshire, Islington and Wiltshire, and home furnishings retailer Dunelm.
This agreement marks the latest step in the expansion ambitions of Wireless Logic following the recent acquisition of Nottinghamshire-headquartered mobile data firm Jola.
Oliver Tucker, CEO of Wireless Logic, comments: “The IoT and M2M operations market is growing rapidly, and Mobius has developed a stellar reputation and strategic position to capitalise on this growth. With Mobius onboard, the Wireless Logic Group will benefit from the deep expertise within the business and a much stronger position when targeting the public sector.”
It seems jobs might be safe as Douglas Gilmour, Mobius Networks MD, adds: “We are delighted to be joining the Wireless Logic Group.”
According to LinkedIn, Mobius has 14 employees.
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Mobius began as Vodafone’s “preferred distributor” for M2M data SIMs for local government and smart cities. It works in various sectors including national infrastructure, healthcare and retail. NVM Private Equity financed the management buyout of Mobius in 2019.
Berkshire-based Wireless Logic has locations across Europe and one in Changzhou, China.
Wireless Logic is doing well with the stats and says it has more than eight million IoT subscriptions active in 165 countries and direct partnerships with 48 mobile networks.
It has 20,000+ customers and works across various sectors – such as agriculture, healthcare, security, transport, utilities and smart cities.
Case studies on its website include Just Eat, SAS Global, The Environment Agency, Hermes, John Deere, Securitas, Siemens Traffic and West Midlands Police.
Wireless Logic is backed by Montagu Private Equity.
