Netmore buys Dutch LoRaWan firm Techtenna

  • June 8, 2022
  • Steve Rogerson

Network infrastructure company European Connectivity Networks (ECN), jointly owned by Netmore and infrastructure company Polar Structure, has acquired Dutch LoRaWan operator Techtenna.

The deal covers network infrastructure and existing customer agreements, and is expected to contribute to significant sensor growth in the IoT network in the coming years.

“The acquisition of Techtenna is an important step for our European IoT expansion,” said Tobias Emanuelsson, CEO of Polar Structure. “We enable the conditions to easily and cost-effectively connect smart meters and sensors that provide conditions for measurability and traceability. The deal also means that the good cooperation between Polar Structure and Netmore takes the next step and that our joint company European Connectivity Networks is developed in line with the expectations.”

Marco Sprenkels, CEO of Techtenna, added: “Thanks to Netmore and ECN, Techtenna will have the necessary prerequisites to be able to accelerate the business and focus on deploy large-scale IoT projects. We also get a partner whose very clear vision and goal for LoRaWan in Europe in both the short and long term benefits our existing customers and partners due to the increased scalability that the growing network entails.”

The acquisition is important to Netmore and ECN. Thanks to the acquisition, Netmore, in its role as a LoRaWan operator, should significantly expand its addressable market.

For the network infrastructure company ECN, the acquisition means Techtenna’s LoRaWan gateways can be connected immediately to the already growing IoT network, which means the geographical coverage is expanded to cover most of the Netherlands in a cost-effective way. ECN will also continue to invest in the network with a goal of achieving full national coverage.

Both Netmore and ECN also benefit from taking over Techtenna’s existing customer base as well as prospective customers. Techtenna’s network today supplies a significant number of IoT projects. These projects, which are carried out with recognised actors, are expected to make a significant contribution to sensor growth in the network.

“With the acquisition of Techtenna, we are strengthening our already strong position and organisation in the growing European IoT market,” said Ove Anebygd, CEO of Netmore Group. “Techtenna’s two founders Marco Sprenkels and Jeroen Goos are very important additions to our organisation with the knowledge and local market presence they bring with them. We are now consolidating our position as one of Europe’s fastest growing IoT operators, both in terms of geographical coverage and the number of sensors that are continuously connected to our network. The collaboration with Polar Structure creates a unique precondition for continued European expansion.”

The acquisition will give Techtenna several competitive advantages and improved opportunities to address the market and launch IoT projects. Techtenna can accelerate the business thanks to Netmore and ECN having a partner that enables increased scalability and, in addition, the focus on innovation can be further expanded thanks to the network being operated and managed by Netmore and ECN.

Furthermore, Techtenna, which for the time being continues to operate under the existing brand, can, with the help of the strengthened coverage offer, initiate a dialogue with customers who have European ambitions. Netmore and ECN thus open the door to a larger market for Techtenna and its customers.

The Dutch IoT market is characterised by a high receptivity to IoT services. Important steps in digitisation have been taken in several segments, which means large-scale IoT projects can now be rolled out faster.

The market for smart metering in areas such as water and gas is somewhere the IoT has potential to improve the existing systems and infrastructure for the distribution of, among other things, water and gas. This has created an accelerating need for increased LoRaWan coverage, a market demand Netmore and ECN meet by offering coverage on demand and coverage guarantee throughout the Netherlands.

Other areas that drive the market for LoRaWan services in the Netherlands include logistics and smart buildings. Furthermore, regulatory requirements have been presented for, among other things, monitoring of air quality in schools, which is also an area where there are many well-proven products based on LoRaWan.