Financial

Wireless Logic acquires Arkessa, securing IoT leadership position

We are delighted to announce the acquisition of Arkessa Ltd to further strengthen our market position.

This marks the latest step in our business expansion following the recent acquisition of European companies Datamobile AG and New Line Mobile BV. Backed by Montagu, we have acquired Arkessa from growth-focused private equity firm, ECI Partners, with the sale completed on Wednesday 9th December.

Based in the United Kingdom, Arkessa is a leading global IoT cellular connectivity services
provider, delivering a range of services and solutions through a multi-network capability
spanning across the world. Its 50-person team is made up of IoT and M2M experts specialising
in the integration of multiple networks and emerging wireless technologies through a single
managed service. Arkessa’s growth to date can be attributed to the delivery of flexible, reliable
and simplified services that empower enterprises to develop and optimise their business
operations.

Bringing a customer base of over one million subscriptions, complementary services and
alternative routes to market, the acquisition of Arkessa will drive incremental business growth
for the Wireless Logic group. The Arkessa team also brings eUICC solutions that strongly
complement our current capabilities – further emphasising the group’s solutions
for the global market.

In the coming months, the Wireless Logic and Arkessa management teams will work closely
to ensure the continued delivery of high quality service for customers, while also starting to
leverage the benefits of increased reach, scale and capability.

Oliver Tucker, CEO at Wireless Logic, says: “This is a landmark acquisition for Wireless Logic, putting the group in a stronger position to serve the needs of its customers as it continues to evolve. Arkessa will strengthen the group’s routes to market, bolster team expertise and boost eUICC capabilities, paving the way for further sustained business growth in the years ahead.
We are looking forward to working with the talented team at Arkessa as we continue to develop solutions and services for the rapidly evolving M2M and IoT connectivity market.”

Andrew Orrock, CEO at Arkessa, says: “We are delighted to be joining the Wireless Logic Group. This exciting new chapter brings together our complementary strengths and channels to market and enables us to continue to drive growth and deliver world-class service to our customers across the globe. The partnership is a natural fit and creates a formidable force to support the ever-expanding IoT market.”

 

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