The pan-European telecom operator Tele2 Group has acquired the Sweden-based company Kombridge AB at an undisclosed value.
Kombridge AB provides services for Internet of Things (IoT) applications including the services catering security, device management, and application management. Tele2 will bolster its security product portfolio using Kombridge AB’s offerings, said a release from the company.
Commenting on the partnership, Rami Avidan, Managing Director, Tele2 IoT said, “We are extremely excited to welcome the Kombridge team to the Tele2 IoT family. The two companies have worked close to each other for a long time. Hence, we know each other well and are very confident that our combined strengths will make us an even stronger global IoT player with high-value creation for our customers and partners.”
As a part of the deal, Tele2 will get access to Kombridge’s current customer database, product portfolio as well as its team of six employees who are equipped with IoT competence and track record to maximize sales and development synergies.