iot squared acquires Machinestalk to solidify position in Saudi market

iot squared acquires Machinestalk to solidify position in Saudi market

Press release:

stc Group, an engine of digital transformation in the MENA region, announces that iot squared, a joint venture between the Public Investment Fund  (PIF) and stc group, is completing a highly successful first year since its establishment with signing a binding agreement to acquire 100% of Machinestalk, a pioneer provider of IoT solutions and applications in Saudi Arabia. The acquisition will accelerate iot squared's growth and solidify its position as the leading provider of IoT solutions in the region.