Netmore Group has announced its acquisition of Everynet, significantly expanding its global presence and IoT device management capabilities.
Everynet, a LoRaWAN network operator headquartered in the Netherlands, has established itself across Europe, North and South America, and Asia. Through the acquisition, Netmore's reach will now extend to 17 countries, positioning it as a leading LoRaWAN network operator globally.
The acquisition adds over 1 million provisioned sensors to Netmore's operations, covering various applications such as track-and-trace devices, smart gas meters, and smart water meters. This development will increase the total number of active devices under management by Netmore to more than 2.3 million. The integration of Everynet's networks is expected to bolster Netmore's infrastructure and partnerships, particularly enhancing its presence in Latin America and the Asia Pacific regions.
This acquisition follows Netmore's recent strategic growth activities, which include acquiring Senet, a US-based LoRaWAN operator, and extending its presence to the APAC region. Moreover, Netmore has secured several Platform-as-a-Service agreements with regional network providers, aligning with its expansion objectives.
Ove Anebygd, CEO of Netmore Group, stated, "The acquisition of Everynet strengthens Netmore's market position and accelerates our ambition to become a global and world-leading IoT network operator. After a long period of fragmentation, the market is reaching an inflection point where consolidation is aligned with global interest in digitizing critical utility and energy management operations."
Anebygd continued, "With water utility Advanced Metering Infrastructure (AMI) as a leading use case, Netmore has established a leadership position and is becoming a sustainability catalyst as illustrated by the company's recent partnership announced with Yorkshire Water to build and service LoRaWAN network coverage for over 1.3 million water meters. We're excited to welcome the Everynet team and expect to benefit greatly from their LoRaWAN competence and market knowledge as we continue our growth journey."
The merger of Netmore and Everynet is anticipated to lead to substantial synergies in technology, operations, and platform management, offering enhanced Network-as-a-Service and Platform-as-a-Service globally. The acquisition not only solidifies Netmore's operations in existing markets such as the US, UK, Spain, and Ireland, but also opens up new opportunities in Brazil, Italy, Indonesia, Andorra, and Iceland.
Frederik Oliver, CEO of Everynet, remarked, "Everynet joining Netmore represents an important strategic alignment of resources and technical expertise that will provide our customers - and many others globally - with access to a best-in-class LPWAN platform, expanded network coverage and densification capabilities, and new and improved products and services from the de facto market leader. With the LoRaWAN market growing and large-scale sensor deployments becoming common, we're excited about the next phase of growth as part of Netmore's expanding operations."
Backed by strong and purpose-driven investors, Netmore is positioned to leverage new opportunities, aiming to enhance IoT deployment lifecycles and mitigate risks and costs associated with legacy network updates. The acquisition marks a notable step in the company's commitment to delivering cutting-edge LPWAN/LoRaWAN connectivity solutions.
