Talkpool consolidates its IoT companies Talkpool AB and Home Solutions

The shareholders in Talkpool AB have agreed to accept an offer from Nordic Proptech Investment Services AB/Home Solutions (NPTIS) to acquire 100% of the shares in Talkpool AB. The shares will be paid with newly emitted NPTIS shares.

Talkpool AG, the mother company of the international technology group Talkpool and majority owner of both Talkpool AB and NPTIS, will hold 51,9% of the new Swedish IoT company specialized in Smart Buildings. 48,1% will be held by Talkpool’s current co-owner Sacculus, together with the existing shareholders in Talkpool AB.

Talkpool AB contributes with leading edge technology knowledge, own IoT products and prime commercial real estate customers. NPTIS/Home Solutions provides an extensive installed base, 20 years of experience and track record in residential properties automation and a strong sales organisation. Together the two companies will merge to a market leading high-tech Smart Building company offering a complete eco-system for the digitisation of buildings.

The demand for Home Solutions’ services of measuring and managing natural resources such as air, water and electricity in individual apartments and premises is rapidly increasing stimulated by new regulations and the upcoming building digitisation boom. Growth through acquisitions of further metering companies and up-selling of sustainable technology “as a service” to the many existing clients is central in Talkpool’s strategic plan going forward.

The new merged company will reach approximately EUR 5 million revenue in 2021 on an annual basis. This makes up close to 20% of Talkpool’s total revenue, which means that we have reached a critical mass and a significant footprint in the Swedish IoT market. Talkpool AG has a common plan with the other shareholders in NPTIS to continue the growth and consolidation journey and potentially spin off and list the company on a suitable marketplace.

“The consolidation of the two entities will create a new competitive IoT company with a strong position in the Swedish Smart Buildings market and international growth potential through its owners. The size and the market position of the new company will open new doors and enable an attractive as-a-service offering. I’m looking forward to an exciting journey with the new winning team and our experienced co-owners”, says Talkpool’s CEO Erik Strömstedt.