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.