Fortum acquires Swedish IoT company Info24

Fortum has acquired the Swedish IT company Info24, a company specialized in the development of business solutions within the area of IoT, Internet of Things.

Fortum and Info24 have been engaged in close cooperation since 2010, using Info24’s cloud-based solution for Fortum’s Charge & Drive EV charging infrastructure solution.

Through the acquisition, Fortum will obtain a platform on which the company can develop additional services and products for sustainable city solutions, smart homes etc.

Fortum’s investment will enable Info24 to take a long-term view and allocate more resources to business development, benefitting both Fortum and Info24’s other customers.

Fortum and Info24 have agreed to retain Info24’s independent role in order to maintain speed and flexibility in their development work.