Telecom holding ER-Telecom has closed the deal for the acquisition of the IoT company Lartech. According to the holding's press service, on the basis of the new asset, Innovation Centers will be created in a number of technology parks.
The deal will help ER-Telecom to strengthen its position in the IoT market; some of Lartech's solutions for the power industry have already been included in the company's product portfolio. In the future, it is planned to jointly develop new IoT products for other industries.
Established in 2001, ER-Telecom is one of the leading Russian telecom companies, providing services of broadband Internet access, telephony, digital TV, access to Wi-Fi, VPN, LoRaWAN networks, video surveillance and integrated solutions based on technologies of the industrial Internet of things (IoT).
Sistema Public Joint Stock Financial Corporation