Nanosatellite IoT network operator Astrocast has acquired Netherlands-based IoT-as-a-Service provider Hiber. Under the agreement, Astrocast will acquire all of Hiber's shares in exchange for the issuance of new Astrocast shares, representing 16.5 per cent of its share capital. Hiber's shareholders have also agreed to invest €10.45m in Astrocast's public offering. Hiber is a Dutch IoT solution provider. Its services include IT monitoring, asset tracking, network hardware and sate...
To continue reading this article...
Join Channel Partner Insight
- Exclusive news, insight and analysis for the IT channel across the US and Europe
- Gain the latest insights through market analysis and interviews with channel leaders
- Stay on top of key trends with an exclusive members-only podcast
- Breaking news stories delivered straight to your inbox daily
Already a member?