Refocused on IoT, the Grenoblois Adeunis goes on sale

by bold-lichterman

The Grenoble-based company Adeunis, listed on the stock exchange since autumn 2017, went on sale Monday, after the completion of its refocus on the Internet of Things. ” Adeunis has given a mandate to an investment bank to launch a merger process with an industrialist which could lead to a change of control in the coming months ”, writes the Grenoble-based company in a press release.

Backing up with a major player in the sector would allow us to go much further, much faster, in capturing the tremendous potential of the Internet of Industrial Things ”CEO Frank Fischer, CEO of the company, explained in the text. Adeunis is now a “pure player” of the Internet of Things – solutions allowing electronic devices to communicate with each other – since the sale of its radio communication activities, used in particular by football and rugby referees.

Deficit

These activities, marketed under the Vokkero brand, represented half of Adeunis’ activity in its former scope. During the financial year ended at the end of March, the “new” Adeunis achieved a turnover of 6.6 million euros. Its activity increased over the following semester by 19%, he explains.

In deficit – the company hopes to achieve a balanced gross operating surplus in March 2021 – Adeunis has 2.7 million euros in financial resources to continue its activity. After half an hour of trading, Monday morning the Adeunis share was worth 3.52 euros (+ 3.83%) on the Paris Stock Exchange, which valued the company at 8 million euros.