JT IoT announces it has reached an agreement to acquire NextM2M, a Danish IoT and connectivity management provider with global outreach. NextM2M will be integrated into the JT IoT core networks and further enhance the Internet of Things (IoT) capabilities of the company.
NextM2M’s Internet of Things business provides machine to machine data transmissions with a focus on custom-made solutions that aim to provide the most efficient SIM card option to meet specialised connectivity needs for more than 130 global customers in over 60 countries. The company partners with major telecommunication providers such as Vodafone and JT, to power various IoT solutions, from smart sensors to industrial automation.
By integrating into the JT IoT family, NextM2M adds to existing global footprint and development capabilities. JT IoT is delighted to have NextM2M’s IoT experts as part of the journey.
Graeme Millar, CEO of JT IoT said:
“I am delighted to welcome NextM2M to the JT IoT family. NextM2M will help us deliver our strategic goals to diversify on our connectivity suppliers. The acquisition will also further accelerate our growth whilst underpinning our excellent efficiency. We believe that in NextM2M we have found a partner that shares our vision and mission to drive success within the IoT industry”.
Henrik Hansen, CEO of NextM2M, said:
“We are excited to join JT IoT on this exciting journey. There is a huge potential in IoT solutions market and by joining hands with a global player like JT IoT, we can ensure we have the right people and expertise to continue challenging the established players with new and innovative solutions.”