Munich Re acquires relayr for $300 million

Munich Re, via its subsidiary HSB, is acquiring 100% of relayr, an IoT middleware startup, in a deal valuing the company at $300 million. The acquisition aims to develop new business models in the industrial Internet of Things.

“This acquisition is a clear example of our strategy: we are combining our own knowledge of risk, data analysis skills and financial strength with relayr’s technological expertise.”munichre.com

• 2 sources
• munichre.comMunich Re acquires tech company relayr | Munich ReSep 4, 2018
• techcrunch.comMunich Re buys IoT middleware startup, relayr, in deal worth $300M | TechCrunchNatasha LomasSep 4, 2018

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