Kerlink Takes Majority Stake in Wyres, A Leader in Indoor Geolocation Technology

Investment Strengthens Kerlink’s Geolocation Offering And Supports Accelerated Sales Growth in Priority Market

Thorigné-Fouillard, France – Jan. 17, 2019 – Implementing a recently announced and revised roadmap for 2019-20, Kerlink (AKLK – FR0013156007), a specialist in solutions dedicated to the Internet of Things (IoT), recently acquired a 51 percent stake in Wyres, a French company that specializes in indoor geolocation technology. This move is consistent with the first of the company’s five-point plan for strategic market growth: to consolidate its technological edge.

Created in 2015, Wyres has already built strong expertise in designing and delivering robust and performant indoor geolocation systems, leveraging its multi-technology radio skills (ultrasound, BLE, ultrawide-band and LoRa®). Its portfolio today provides complete solutions combining tags, beacons, an indoor geolocation solver and business applications, which already are deployed for industrial operations.

Wyres especially targets customers like public services, multi-site industries and private companies in market segments such as logistics, manufacturing, hospital services and agriculture, among others. The Grenoble-based company’s solutions also provide evaluation kits for integrators, software vendors and service providers to enable their IT, R&D and engineering departments to master the challenging tasks of successfully designing and deploying advanced geolocated industrial IoT applications.

“Wyres’ leadership in indoor geolocation technologies, including LoRa-based solutions, has positioned it as a leading reference supplier for the digitalization of the enterprises’ operations and physical flows,” said Robert Clapham, Kerlink’s deputy CEO. “As a LoRaWANTM industry market leader, Kerlink was already offering a performant outdoor geolocation solution. The resulting combination and synergy will generate a differentiating global value proposal for our customers and bring them tremendous benefits in deploying seamless geolocation solutions in priority markets, such as airports, smart cities, asset tracking and manufacturing.”

About Kerlink Group

Kerlink Group is a leading global provider of end-to-end network solutions for the Internet of Things (IoT), serving telecom operators, businesses and public authorities worldwide. Its growing suite of turnkey IoT services includes network planning, design and operational management that maximizes performance of its market-leading, carrier-grade infrastructure offering. The Group, widely recognized for its IoT expertise, also continually introduces innovative value-added services, such as network-based geolocation, remote end-device management and low-power IoT reference design, which allows its customers to quickly bring to market IoT-ready devices and to imagine innovative business models to monetize their deployments.

In just over 10 years, more than 100,000 Kerlink installations have been deployed in more than 69 countries. In 2017 Kerlink supplied more than 330 customers, including major telecom operators such as Tata Communications, and service providers such as GrDF and Suez. The company’s solutions are enabling IoT networks worldwide with major deployments in Europe, South Asia, South America and Oceania. Kerlink, a co-founder and board member of the LoRa AllianceTM, has invested more than €10 million in research in the past three years. In 2017, Kerlink Group generated revenues of nearly €25 million, more than 50 percent internationally. Since 2013, it has posted average annual growth of more than 62 percent. It has been listed on Euronext Growth Paris since May 2016 and was added to the EnterNext PEA-PME 150, an index of 150 fast-growing French SMEs, in 2017.

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