Wireless Logic, the global IoT connectivity platform provider, has acquired Mobius Networks for an undisclosed sum.
Mobius is a mobile virtual network operator, providing data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications. This agreement marks the latest step in Wireless Logic’s business expansion following the recent acquisition of Jola.
Formed in 2004 and headquartered in Leicestershire, Mobius began as Vodafone’s preferred distributor for M2M Data SIMs for local government and smart cities. This has now expanded to other global operators and a broader set of sectors including critical national infrastructure, healthcare, and retail. NVM Private Equity financed the management buyout of Mobius in 2019.
Douglas Gilmour, Mobius Networks MD, said: “We are delighted to be joining the Wireless Logic Group. Mobius’ unique approach to data security as well as our deep expertise in particular verticals create a great fit with Wireless Logic and one that will generate new opportunities across the globe. The whole Mobius team is very excited at the prospect of what we can all achieve together.”
Oliver Tucker, CEO of Wireless Logic, said: “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. We are very excited by this acquisition and look forward to working closely with the talented team at Mobius.”
Andy Leach, partner at NVM Private Equity, said: “Mobius has grown significantly over the past three years and is well positioned to capitalise on the exciting prospects for the IoT and M2M market. Doug and his team have built a great business which will undoubtedly prosper under the stewardship of Wireless Logic.”
IA Global Capital acted as financial advisor to Mobius Networks for the transaction.
