December 22, 2016 / 9:39 AM / 7 months ago

BRIEF-Talkpool AB acquires majority stake in On Yield Inc Ltd

1 Min Read

Dec 22 (Reuters) - Talkpool AG :

* Talkpool AB acquires majority stake in Asian product company On Yield Inc Ltd to strengthen talkpool's opportunity to develop customized iot solutions

* In connection with Talkpool AB's new share issue, Talkpool AG invests 1 million in company and increases its investment within iot

* Proceeds of Talkpool AB's share issue will be used for further development of sensors, software and complete solutions as well as skills development and recruitment in area of IoT

* Furthermore, Talkpool AB is starting a new leasing company for "IoT as a service" Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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