Alantra extends track record in advising global leaders in IoT location technology with sale of Senion to Verizon

Jun 2021

Sell-side advisory

Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce the sale of Senion to Verizon. Alantra acted as sole financial advisor to Senion on the transaction which was completed in Summer 2021. Senion is based in Linköping, Sweden, and is a global leader in indoor positioning and sensor fusion software with a particular expertise in Bluetooth Low Energy (BLE) wireless technology. The company holds several key patents in indoor navigation technology and is a thought leader in location-responsive mobile Internet of Things (IoT) solutions for Smart Building and Smart Office use cases. The acquisition was led by Verizon’s New Business Incubation unit which focuses on accelerating automation businesses that harness the power of 5G and edge computing technology.

“Senion was created with the vision that one day our sensor fusion technology would allow for precise positioning for anyone and anything, at any time,” said Dr. Christian Lundquist, CEO & Co-Founder of Senion. “By leveraging Verizon’s expertise in connectivity and mapping technology, we can improve workflows for companies and create seamless, location-aware services.”

This transaction reinforces Alantra’s significant expertise in IoT technology after advising on 12 IoT transactions in the past 36 months, including the sale of cellular IoT specialist Nimbelink to Airgain and the sale of IoT digital twin platform Holobuilder to FARO.