LORIOT expands its horizons: Announces acquisition of Ecosensors and launch of LORIOT Verso Division

LORIOT, a global IoT leader, has acquired Ecosensors, an IoT solution provider, in order to launch LORIOT Verso. This new division will specialize in end-to-end IoT solutions in the field of Environmental Monitoring and Disaster Prevention. While operating independently, LORIOT's core mission of providing Network Management Systems for long-range IoT solutions will remain unchanged.

Zurich, Switzerland - 07.11.2023 - LORIOT, a global leader in the Internet of Things (IoT) industry, is thrilled to announce its recent strategic acquisition of Ecosensors, a highly regarded Austrian-based solution provider specializing in the field of Environmental Monitoring with a proven track record of serving a diverse range of customers.

This acquisition is a significant milestone for the Swiss company and marks the birth of a new division within LORIOT called "LORIOT Verso," denoting 'Vertical Solutions'. Its guiding motto is 'Vertical Solutions, Infinite Possibilities.'

LORIOT Verso will focus exclusively on crafting comprehensive, end-to-end solutions and innovative IoT applications. The first vertical to be explored under LORIOT Verso will be Environmental Monitoring and Disaster Prevention, with the goal of providing "Climate Resilience as a Service" to existing and future clients, building upon the solutions already offered by Ecosensors.

This strategic move underscores LORIOT's commitment to harnessing the limitless potential of IoT technology. As a global player in the industry, LORIOT has always strived to enhance the efficiency and reliability of IoT networks. While expanding its portfolio through the acquisition of Ecosensors, LORIOT’s core business and primary focus will continue to be providing state-of-the-art Network Management Systems for massive long-range IoT solutions.

Yannik Kopp, Chief Strategy Officer at LORIOT, expressed enthusiasm for this transformative venture, stating, "With the acquisition of Ecosensors and the launch of LORIOT Verso, we are taking a significant leap towards a more sustainable and secure future. Our goal is to bring end-to-end solutions that not only meet our client’s unique demands but also benefit society as a whole. We believe that the limitless possibilities offered by LORIOT Verso will redefine the boundaries of IoT applications."

LORIOT Verso will operate autonomously, with a dedicated team of experts who will bring innovative, market-leading solutions to life in the field of Environmental Monitoring and Natural Hazard Prevention, expanding the Ecosensors solutions portfolio. Gunter Schobesberger, former CEO of Ecosensors, will lead the new team leveraging his experience in the sector and his relationships with existing clients and providers.

As the new IoT Solutions Lead in LORIOT Verso, Gunter Schobesberger stated: "I strongly believe in the potential of IoT to tackle environmental issues and contribute to a better world. This was my primary goal when I established Ecosensors. In LORIOT, I found the same strategic vision and a strong alignment of values. I am confident that this joint venture will allow for exceptional expansion and growth."

This strategic move represents a pivotal moment in LORIOT's journey and reinforces its dedication to delivering cutting-edge solutions to the ever-evolving IoT landscape.

#####