The WIKA Group is making a strategic investment into LORIOT AG, an IIoT company that provides solutions enabling long-range IIoT networking. LORIOT’s core products include software for scalable, distributed, resilient operation of LoRaWAN networks and end-to-end applications.
WIKA’s investment will further ensure the acceleration of LORIOT’s growth as a leading LoRaWAN network service provider, thereby maintaining a strong focus on innovation in the LPWAN market.
LORIOT and WIKA see this investment as the starting point for a strategic partnership with the common goal of supporting each other in the plans for expansion.
Axel Kaltofen, WIKA executive vice president Process Instrumentation, will be a member of LORIOT’s board of directors and will contribute to the key decisions of the company. According to Kaltofen, WIKA is “looking forward to working together with LORIOT to extend WIKA’s IIoT solutions portfolio.”
“LORIOT is a young and profitable company with an excellent reputation. We've had steady growth since our inception, and now is the perfect time for us to take full advantage of the investment. Even more so with the WIKA Group, which is the ideal strategic partner to help us achieve our full potential and support our future expansion,” commented Julian Studer, CEO and founder of LORIOT.
Read more...Africa’s AI ambitions face critical infrastructure questions Schneider Electric South Africa
News
As AI investment accelerates globally, Africa is increasingly being viewed as the industry’s next major growth frontier. The continent’s AI ambitions will ultimately depend on its ability to solve one critical challenge: infrastructure readiness.
Read more...Closing the energy efficiency gap at SKF’s Tech & Innovation Summit SKF South Africa
News
SKF is hosting its yearly virtual Tech & Innovation Summit, bringing together industry leaders and experts to showcase technologies, products and solutions designed to help close the energy efficiency gap in industrial operations.
Read more...Appointment
News
Beckhoff Automation has appointed Scott Hayward as support technician.
Read more...Mining sector turns to private renewables
News
As the European Union’s Carbon Border Adjustment Mechanism enters its permanent phase and global buyers tighten emissions disclosure requirements, South African mining operations are accelerating the integration of privately contracted renewable power into their energy mix.
Read more...Appointment Beckhoff Automation
News
Beckhoff Automation has appointed Luzuko Bulembu as technical support engineer.
Read more...From the editor's desk: You could be doing what? Technews Publishing (SA Instrumentation & Control)
News
Humanoid robots are increasingly featuring in the news. Some of them are a bit creepy, some make you anxious because they might take your job, but others are a lot of fun, and they’re getting better ...
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version