Nine bidders enter race for Sigfox

Nine bidders enter race for Sigfox

Business news |
By Nick Flaherty

As expected, Heliot Europe is bidding to take over the IoT technology and networks of Sigfox, but it faces competition from six other groups.

Heliot was the driving force behind a restructuring in 2020 that saw fund manager Cube Infrastructure Managers (Cube) buying the German Sigfox network and a majority stake in Heliot, which owns and operates the Sigfox networks in Austria, Switzerland and Liechtenstein, to create a Europe-wide IoT network.

Greybull Capital, iWire Innovation Management, OTEIS France, Sentiens, UnaBiz and Groupe Zekat are also bidding for both the technology company and Sigfox France which runs the IoT network in the country.

Singapore-based Unabiz is worth noting as it is massive IoT service provider who specialises in sensor product design, manufacturing, and data platform services across a hybrid of low-power wide-area (LPWA) technologies such as Sigfox, LTE-M, NB-IoT and LoRa., with 1m sensors in its network. Last week it signed a deal to acquire Sensatag, a Dutch provider of low-cost, low-power industrial IoT tracking technology using the Sigfox network.

“Sensatag is a veteran 0G solution provider with a good track record in the European IoT market. We are pleased to welcome Sensatag into the UnaBiz group since asset tracking is one of the highest growth segments in the IoT market and an integral part of UnaBiz’s massive IoT vision,” said Henri Bong, Co-Founder and Co-CEO of UnaBiz.

UK-based fund Greybull Capital has previously invested in Plessey Semiconductors, failed electronics retailer Comet and McLaren’s advanced technology group.

French LoRaWAN IoT network Actility and South African fund the Buffet Investment Services Consortium are just bidding on the technology aspect of Sigfox, rather than the networks.

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