1 Sep 2021
Bemsiq acquires Elsys
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.
