Wireless Logic Expands with Zipit Wireless Acquisition

Deal News | May 08, 2025 | Montagu Private Equity

Wireless Logic Expands with Zipit Wireless Acquisition

Wireless Logic, a prominent IoT solutions provider supported by Montagu Private Equity, has successfully acquired Zipit Wireless, an IoT connectivity and subscription billing solutions provider based in South Carolina, USA. The acquisition marks Wireless Logic's first purchase of a US-headquartered company, underlining its strategic intent to enhance its global reach while leveraging local expertise. Zipit Wireless is recognized for its robust multi-carrier IoT capabilities, particularly in billing and managing complex commercial relationships, delivering over $45 million in subscription revenue for its OEM customers. Notably, Zipit maintains long-established relationships with major carriers such as Verizon, AT&T, and Rogers, and delivers a wide array of connectivity solutions, including NB-IoT, LTE-M, and 5G. This strategic acquisition aligns with Wireless Logic's commitment to growth and innovation, augmenting its service portfolio and presence across North America. The transaction follows Wireless Logic's recent acquisitions of Arqia, Webbing, and Blue Wireless, further solidifying its market-leading position.

Sectors

  • IoT Solutions
  • Private Equity
  • Telecommunications

Geography

  • United States – Zipit Wireless, the acquired company, is headquartered in South Carolina, marking Wireless Logic's first US-based acquisition.
  • Canada – Zipit operates in Canada through its subsidiary Mtrex Networks, thereby expanding Wireless Logic's reach in the North American market.
  • United Kingdom – Wireless Logic is headquartered in the UK and this transaction supports its strategic global expansion.

Industry

  • IoT Solutions – The acquisition involves companies specializing in Internet of Things (IoT) connectivity, offering solutions that bridge physical and digital worlds and facilitate global device management.
  • Private Equity – Montagu Private Equity's involvement in backing Wireless Logic highlights the role of private equity in facilitating strategic growth and acquisitions within the technology sector.
  • Telecommunications – The article discusses Zipit Wireless's relationships with telecommunication giants like Verizon and AT&T, underscoring its importance in IoT connectivity.

Financials

  • $45 million – The amount in subscription revenue enabled by Zipit's billing solutions for its OEM customers.

Participants

NameRoleTypeDescription
Wireless LogicAcquirerCompanyA leading global provider of IoT connectivity solutions, headquartered in the UK and backed by Montagu Private Equity.
Zipit WirelessTargetCompanyA US-based provider of multi-carrier IoT connectivity and subscription billing solutions.
Montagu Private EquityPE FirmCompanyA prominent mid-market private equity firm backing Wireless Logic.
Frank GreerCEO at Zipit WirelessPersonCEO of Zipit Wireless, commenting on the acquisition as a significant step for Zipit.
Oliver TuckerCo-founder and CEO at Wireless LogicPersonCEO of Wireless Logic, expressing enthusiasm for the opportunities presented by the acquisition.