On 20 April 2017, IoT Systems Group announced an agreement to acquire Benefit FM, based in France. Both companies’ boards of directors have approved the deal.
Benefits of the deal
- IoT Systems Group and Benefit FM together will accelerate innovation and choice in applying IoT Systems to FM customers. Commercial Customers will get better connectivity at lower prices.
- Richard Jowsey’s experience in the FM space will help protect the rapid development of IoT Systems Group and the reseller ecosystem being developed.
Leonard Seelig, Executive Chairman, IoT Systems Group
“We welcome today’s news, which demonstrates IOT System Group’s deep commitment to building a strong presence in FM, looking at delivery partners, and the wider ecosystem.”
Richard Jowsey, Benefit FM Director
“We will continue [to] support the application of IoT in the FM marketplace, and feel better placed to do this with the support of the bigger parent, IoT Systems Group. We will remain an active entity offering consultancy in the areas we have experience in.”