JT IoT acquires Top Connect

JT IoT, the Jersey based global IoT Connectivity player backed by Perwyn, has acquired Top Connect, an international MVNO and global roaming provider. The acquisition of this IoT and roaming connectivity provider and its expert team will accelerate JT IoT’s plan to build a stronger global IoT ecosystem and to expand into new markets and use cases.

Top Connect is an Estonia-based connectivity player with a 25-year track record of successfully serving over 100 international customers and distributors. With proprietary core infrastructure and a wide range of connectivity suppliers, Top Connect will provide important diversification of the JT IoT portfolio.

The merged business will serve over 500 enterprises and governmental organisations across the globe and will manage over 10 million IoT connections.

Partners Tanel Tark, Marit Savi, Tanel Küün and associates Katri Tšesnokov and Tarvi Salu from TARK transaction team advised JT IoT on the acquisition process of Top Connect in Estonia.