Montagu-backed Wireless Logic has acquired IoT business Arkessa from private equity firm ECI Partners.
The deal expands Wireless Logic's market presence and capabilities and follows its acquisitions of European companies Datamobile and New Line Mobile.
"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," said Wireless Logic CEO Oliver Tucker.
"The Arkessa team also brings eUICC solutions that complement Wireless Logic’s current capabilities."
Arkessa CEO Andrew Orrock added: “This new chapter brings together our complementary strengths and channels to market and enables us to continue to drive growth. The partnership is a natural fit and supports the ever-expanding IoT market.”