Article hero image

Bemsiq acquires Elsys

Article main image

Bemsiq has signed an agreement to acquire 70 per cent of the shares of Elektroniksystem i Umeå AB ("Elsys"). The founders remain as part-owners with 30 per cent of the shares.

Elsys is an internationally leading manufacturer and seller of LoRaWAN® sensors for applications for smart buildings and cities. The company was founded in 2005 and has 7 employees with head office and manufacturing in Umeå, Sweden. Net sales in 2019 was SEK 29 million and is estimated to be SEK 45 million in 2020.

Read the full press announcement