# 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.

- Type: Acquisition
- Announced: 2018-09-04
- Where: Berlin, Germany, Germany
- Value: $300.0M
- Status: announced
- Products: IoT middleware platform, industrial IoT solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Munich Re](https://endata.com/companies/10494.md) (acquirer)
- [HSB](https://endata.com/companies/19011.md) (acquirer)
- [relayr](https://endata.com/companies/19012.md) (target)

## Sources

- [munichre.com](https://www.munichre.com/en/company/media-relations/media-information-and-corporate-news/media-information/2018/2018-09-04-munich-re-acquires-tech-company-relayr.html), 2018-09-04: "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."
- [techcrunch.com](https://techcrunch.com/2018/09/04/munich-re-buys-iot-middleware-startup-relayr-in-deal-worth-300m/), 2018-09-04: "Munich Re said today that its HSB subsidiary is acquiring 100% of relayr in a deal that values the business at $300M."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.