IoT Sector Booms in August 2024: Key Acquisitions and Milestones
August 2024 witnessed substantial activity in the Internet of Things (IoT) sector, with notable contract wins and expansions. Two key acquisitions and a major milestone were reported, underscoring the growth and innovation in IoT connectivity.
OrbitsIQ Global SA made a strategic move by acquiring NewSpace startup UNIO Enterprise. UNIO specializes in intelligent connectivity solutions, merging terrestrial mobile and satellite networks to provide uninterrupted digital access for vehicles and mobile objects worldwide. This acquisition, finalized in August 2024, signals OrbitsIQ's commitment to expanding its IoT capabilities.
Meanwhile, the Minol-Zenner group achieved a significant milestone in its LoRaWAN network expansion. By September 2025, the group had integrated its 10-millionth sensor, making it the world's largest LoRaWAN network. This expansion supports smart city and utility applications, demonstrating the growing demand for IoT solutions in these sectors.
The IoT Now Contract Win List for August 2024 highlighted these significant developments. The acquisition by OrbitsIQ and the expansion by Minol-Zenner group underscore the continued growth and investment in IoT technologies, driving innovation in connectivity and smart city applications.
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