Leicestershire mobile network operator sold to global tech firm

Wireless Logic, the global Internet of Things (IoT) connectivity platform provider, has bought Coalville-based Mobius Networks for an undisclosed sum.

Mobius is a mobile virtual network operator, providing data connectivity services for IoT and machine-to-machine (M2M) applications.

The deal follows Wireless Logic’s recent acquisition of Nottingham-based Jola and provides an exit for NVM Private Equity.

Formed in 2004, Mobius began as Vodafone’s preferred distributor for M2M Data SIMs for local government and smart cities. This has now expanded to other global operators and a broader set of sectors including critical national infrastructure, healthcare, and retail. NVM Private Equity financed the management buyout of Mobius in 2019.

Douglas Gilmour, Mobius Networks managing director, said: “We are delighted to be joining the Wireless Logic Group. Mobius’s unique approach to data security as well as our deep expertise in particular verticals create a great fit with the Wireless Logic and one that will generate new opportunities across the globe. The whole Mobius team is very excited at the prospect of what we can all achieve together.”

Oliver Tucker, CEO of Wireless Logic, added “The IoT and M2M operations market is growing rapidly, and Mobius has developed a stellar reputation and strategic position to capitalise on this growth. With Mobius onboard, the Wireless Logic Group will benefit from the deep expertise within the business and a much stronger position when targeting the public sector. We are very excited by this acquisition and look forward to working closely with the talented team at Mobius.”

IA Global Capital acted as financial advisor to Mobius Networks for the transaction. Catriona Lang, Rob Parker and Rebecca Smith of Dow Schofield Watts Transaction Services provided vendor assistance to NVM and the management team.