Smart Energy Finances: AMI provider acquires a narrowband communications solution

This week’s Smart Energy Finances looks at the announcement of an acquisition of a New Zealand-based communication solutions developer by an AMI and IoT provider. The acquisition will create a new entity and communications platform for utilities to improve the performance of critical infrastructure.

Also on the radar are announcements of a ‘resilient’ business model based on smart meter-generated revenue for Smart Metering Systems (SMS), growth financing for a smart meter data analysis provider and a €3 billion ($3.9 billion) scheme for cleantech companies in Germany.

AMI provider Ubiik acquires Mimomax Wireless
Taiwan-based Ubiik, an IoT and Advanced Metering Infrastructure (AMI) provider, has acquired New Zealand-based Mimomax Wireless, a provider of communication solutions for narrowband channels.

The acquisition is being touted as an acceleration of Ubiik’s market expansion.

The new combined entity, which has not yet been named, aims to bring new wireless solutions to market, providing communications for utilities and critical infrastructure.

ESG, SDG, CER, GRI, FSC, LCA, WELL Read More 

Yusuf Latief