Budapest-based tech group 4iG Information Technology Ltd (4iG IT) announced that it will acquire a 90 per cent ownership stake in Mobil Adat Ltd, one of Hungary’s leading managed data transmission service providers. The transaction, pending regulatory approval, involves the purchase of 45 per cent stakes from both Mobil Adat Holding Ltd and SHOAL Ltd. Financial details were not disclosed.
Through this acquisition, 4iG will integrate Mobil Adat’s services into its portfolio, enabling the group to offer full-spectrum Internet of Things (IoT) solutions, from sensor networks to data centre infrastructure. According to the company, this step marks a major expansion in its ability to deliver connected technologies and data management services across multiple sectors.
The acquisition will also enhance commercial and technological synergies within the 4iG Group, strengthening its position as a leading IoT and data communications provider in Hungary and Central Europe. The integration is expected to particularly boost services related to online cash registers, vending machines, e-chargers, and smart metering systems.
‘This acquisition opens new cross-selling opportunities within the group, while Mobil Adat’s specialized IoT capabilities will complement the telecommunications and cloud services of One Hungary,’ CEO of 4iG Ltd Gábor Radó said .
Mobil Adat brings over a decade of expertise in SIM card management and machine-to-machine (M2M) communication, areas that naturally align with 4iG’s existing telecommunications and IT system integration operations.
4iG is listed in the premium category of the Budapest Stock Exchange (BÉT). Its shares traded at 4,460 forints shortly before market close on Tuesday, up 3.2 per cent from Monday’s closing price, with a 52-week range between 830 and 4,965 forints.
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