Actility Acquires Abeeway for Location Services Portfolio to Support IoT Solutions

Actility, a Low Power Wide Area Networks (LPWAN) provider, has announced that it has acquired Abeeway, a geolocation system company. By combining Abeeway’s patented location software and products with Actility’s ThingPark platform, the acquisition was done to give Actility a complete portfolio of IoT location services to support service providers and IoT solution vendors across a wide range of industry sectors.

“We’re seeing massive demand for location-aware IoT solutions from industry,” said Mike Mulica, CEO, Actility. “We’ve been rapidly developing our ThingPark Location platform to deliver powerful tools to service providers and our customers in the tracking ecosystem. 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. We’re creating an IoT location platform that will enable a revolution in the logistics and supply chain sector. In fact, we think that geolocation and tracking are potentially the killer app for the whole of the Internet of Things.”

The acquisition is Actility’s first following a $75 million fundraising round supported by new and existing investors, which was intended to enhance its technology portfolio and accelerate worldwide growth.

“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,” said Florian Sforza, Founder, Abeeway. “Major players have already selected Abeeway products such as the Master Tracker and Micro Tracker. Becoming part of Actility’s rapid growth will allow us to leverage their market leading LPWA platform and global reach to satisfy the massive market demand for IoT location use cases. Abeeway products will also continue to be available for every LPWAN network.”