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  5. Velos IoT Acquires Top Connect

M&A Deal Summary

Velos IoT Acquires Top Connect

On July 7, 2022, Velos IoT acquired communications company Top Connect

Acquisition Highlights
  • This is Velos IoT’s 1st transaction in the Communications sector.
  • This is Velos IoT’s 1st transaction in Estonia.

M&A Deal Summary
Date 2022-07-07
Target Top Connect
Sector Communications
Buyer(s) Velos IoT
Deal Type Add-on Acquisition

Target

Top Connect

Tallinn, Estonia
Top Connect is an international MVNO and global roaming provider with a 25-year track record of successfully serving over 100 international customers and distributors. Top Connect is based in Tallinn, Estonia.

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Buyer(S) 1

Buyer

Velos IoT

Saint Helier, Channel Islands
Category Company
Sector Communications
DESCRIPTION

Velos IoT is a global cellular IoT connectivity and carrier-neutral Internet of Things (‘IoT’) platform provider. Velos IoT is based in Saint Helier, Jersey.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Estonia M&A 1 of 1
Year: 2022 M&A 1 of 1
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