details
Allegion Bolsters E-Bike Leadership through New Alliance with European IoT Mobility Platform Developer Conneqtech | Business Wire
DUBLIN–(BUSINESS WIRE)–Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has made, through one of its subsidiaries, an equity investment in European IoT mobility platform developer Conneqtech.
Founded in the Netherlands in 2014, Conneqtech develops platforms that enable connected mobility with GPS and rental tracking, specializing in IoT solutions for bicycles, as well as healthcare applications. Conneqtech has already partnered with one of Allegion’s leading portable security brands, AXA, to develop the AXA Connect. The solution allows cyclists to stay in touch with their bicycles via a smartphone. Bicycles can be followed live, traced and protected against theft using a personalized app.
This is Allegion’s second European IoT investment in 2018, as Allegion Senior Vice President and President of EMEIA Lúcia Veiga Moretti also announced a strategic investment in smart-home innovator Nuki in February. She noted that Allegion is committed to leading the electromechanical convergence in the security industry across all of its businesses.
Commenting is limited to those invited by others in the community
Login to continue or learn more.
related products
No comments yet.