20th July 2022
NVM sells telecoms specialist to global IoT group
NVM Private Equity has sold Mobius Networks Limited to Wireless Logic, the leading global IoT connectivity platform, for an undisclosed sum.
Catriona Lang, Rob Parker, and Rebecca Smith of Dow Schofield Watts Transaction Services provided vendor assistance to NVM and the management team.
Formed in 2004 and headquartered in Leicestershire, Mobius began as Vodafone’s preferred distributor for M2M Data SIMs for local government and smart cities. This has now expanded to other global operators and a broader set of sectors including critical national infrastructure, healthcare, and retail. At the core of the Mobius offering has been high availability, high security, and a focus on excellent customer service.
Douglas Gilmour, Managing Director at Mobius Networks Limited, said “we engaged DSW for Vendor Assistance at an early stage in our sales process. What stood out was the team’s capacity to grasp new concepts and build coherent models where little had existed before. Their ability to assimilate data, build processes and produce valuable analysis proved second to none. The team were all super smart and friendly. I don’t think they ever asked the same question twice and they delivered what we asked for, on time and on budget. I would certainly engage them again without hesitation if the need arose in the future.”