- September 27, 2021
- Posted by: Stratford Team
- Category: Business
STOCKHOLM & ZURICH–(BUSINESS WIRE)–Nexxiot, the emerging TradeTech juggernaut transforming the cargo freight industry around the world through data and logistics digitization advancements, has announced it will acquire a majority interest in the Swedish technology firm MOST, a provider of real-time cargo monitoring services. The Swedish family office Resona, one of Scandinavia’s foremost technology investors, will become minority shareholder in the transaction.
Through its acquisition of MOST, Nexxiot will significantly consolidate its position as the foremost TradeTech innovator in the cargo IoT space. Nexxiot operates in more than 160 countries and is a leading provider of AI powered data solutions for a fast-growing roster of supply chain companies.
Nexxiot CEO Stefan Kalmund, remarked of the transaction: “Bringing MOST’s capabilities into our technology portfolio will have tremendous benefits for Nexxiot’s global customers,…