Low Power Wide Area Networks (LPWAN) company, Actility has acquired Abeeway, the geolocation system specialist.
By combining Abeeway’s patented location software and innovative products with the power of Actility’s ThingPark platform, the acquisition will give Actility a best in class portfolio of IoT location services to support service providers and IoT solution vendors across a wide range of industry sectors.
The acquisition is Actility’s first following a $75m fundraising round supported by new and existing investors, which is intended to enhance its technology portfolio and accelerate worldwide growth.
Abeeway is a leading provider in tracking devices offering on-demand geolocation, movement alerts or geofencing. These trackers use GPS signals to determine their location, but energy-efficient LoRaWAN communication to pass that location to a tracking application, so in comparison with trackers using cellular networks, they offer much longer battery life.
Last month, Actility closed its Series D funding round at $75 million that includes investors such as Creadev, Bosch, Inmarsat, Idinvest, Bpifrance, Ginko Ventures, KPN, Orange Digital Ventures and Foxconn.
Mike Mulica, CEO, Actility
As a long-time partner with Abeeway, we saw great potential in adding their patented assisted GPS (A-GPS) technology and expertise in tracking to the capabilities of our ThingPark platform. This combination offers game-changing geolocation capabilities from an accuracy, speed, power consumption and TCO standpoint.
Florian Sforza, Founder, Abeeway
Since the first LoRaWAN tracker was presented by Abeeway in 2015, Abeeway has continuously improved IoT tracking solutions, developing the first patented low power GPS (A-GPS for IOT) as well as data fusion to optimize localization & power consumption.
