Issue link: https://maltatoday.uberflip.com/i/1491153
maltatoday | SUNDAY • 29 JANUARY 2023 10 COMMERICAL MELITA Limited has signif- icantly extended the interna- tional reach of its innovative IoT connectivity solution – melita.io – with the acquisition of the M2M SIM card business owned by Sweden-based IoT operator Netmore M2M AB. Netmore M2M forms part of the Netmore Group which – through its customised con- nectivity solutions – empow- ers IoT companies all over the world with smart, robust and affordable connectivity. Andreas Stenhager, Chief Commercial Officer of the Net- more Group, said: "The sale of Netmore M2M is another step in our strategic focus on our fastest growing business area, IoT/LoRaWAN, and repre- sents a significant contribution of capital to our business and also the beginning of a partner- ship with Melita. "We are pleased that Netmore M2M will have a very well-suit- ed owner who can continue to manage and develop the busi- ness for the benefit of the cus- tomers." Following the deal with Meli- ta, Netmore M2M's broad cus- tomer base will be able to take advantage of the functionality and services offered by melita. io, including roaming and an enhanced IoT management platform. Melita CEO Harald Roesch said: "The acquisition of NetmoreM2M will further strengthen our fast-growing business for SIM-based IoT connectivity by adding cus- tomers from across Europe. The partnership with Netmore AB will also be a strategic ele- ment in our future expansion." "Netmore M2M customers stand to gain a range of bene- fits, such as improved interna- tional coverage, cheaper roam- ing rates, cheaper and more flexible data bundle options, and a user-friendly portal with the facility to manage M2M SIMs remotely." IoT has become an integral part of people's lives, with nu- merous smart devices installed in modern households that are continually collecting and pro- cessing information. Wireless technologies allow this data to be transmitted in real-time, so that the condi- tion and status of what is being monitored can be instantly as- sessed. IoT provides companies with the insights and data they need to increase automation, im- prove operational efficiency and reduce costs. It also plays an important role in cushioning the impact of industry on the environment, such as saving water, reducing pesticides used by farmers, and enabling transport and logis- tics operators to minimise fuel consumption. Meanwhile, in both the hos- pitality sector and domestic homes, IoT can be used to op- timise the use of heating, light- ing and cooling, which saves energy, resulting in lower bills. Melita acquires Netmore M2M DR Sarah Mamo has been appointed on the board of MIDI plc as a non-executive director with effect from 10th January 2023. Mamo has worked as a senior associ- ate for several years with one of Malta's leading law firms, spearheading several high-profile projects and continues to practice her profession in the private sector. As counsel to various local and foreign clients, Mamo has extensive experience in a variety of transactions including pri- vatisations, share acquisitions, capital market issues, including bond issues and real estate and construction projects. Mamo graduated Doctor of Laws from the University of Malta in 2005 and pur- sued her studies in the United Kingdom graduating from Warwick University with a Master of Business Administra- tion (MBA) in 2013. Dr Sarah Mamo appointed director on the board of MIDI plc