Astrocast, the satellite IoT service provider, is buying Hiber, a rival European Industrial IoT-as-a-Service provider. Under the terms of the deal Astrocast will acquire all of Hiber’s shares in exchange for the issuance of new Astrocast shares, representing 16.5% of Astrocast’s share capital. Hiber’s shareholders have also agreed to invest €10.45 million. Hiber’s services include ...
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