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Netmore Group Acquires Senet to Boost Global IoT Connectivity

Mergers and Acquisitions Netmore Group Senet Polar Structure IoT Networks

Published on February 14, 2024

Swedish Netmore Group has announced the acquisition of US-based LoRaWAN network specialist Senet to expand its international operations across 11 different countries. Financially supported by Polar Structure, the majority shareholder of Netmore, along with Fisk Ventures, the main investor in Senet, the acquisition is expected to strengthen Netmore’s global presence and IoT connectivity offerings. The Swedish company claims to manage over one million connected devices.

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