What is the story about?
What's Happening?
Netmore Group has acquired Arson Metering, a Spanish company specializing in smart utilities, to enhance its vertical expertise in the utilities market. The acquisition adds 500,000 smart water and gas meter deployments to Netmore's portfolio, supporting its global LoRaWAN expansion and utility automation ambitions. Arson Metering's established customer base and NOC-style monitoring hub will bolster Netmore's position as a leading non-cellular public IoT operator.
Why It's Important?
The acquisition is a strategic move for Netmore, aligning with its goal to expand its global LoRaWAN network and strengthen its presence in the utilities sector. By integrating Arson Metering's expertise and resources, Netmore can offer more comprehensive solutions for utility automation and modernization. This expansion is expected to enhance connectivity and efficiency for municipalities and utilities, addressing challenges like water scarcity and resource constraints.
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