Nexxiot acquires majority stake in MOST

Nexxiot has become the majority shareholder in the Swedish technology company MOST. According to a press release from Nexxiot, a company based in Zurich, MOST’s real-time cargo monitoring services should “significantly consolidate” its position as a leading TradeTech innovator in the Internet of Things for cargo logistics.

Nexxiot’s onboard solar-powered cargo sensors and gateways track cargo movements and efficiency using a special logistics cloud. Now, these are being combined with MOST’s sensors, which monitor the humidity, temperature, light, and security of cargo inside freight containers. According to Nexxiot CEO Stefan Kalmund as quoted in the press release, Nexxiot’s global client base will be provided with “unprecedented insights and information about their cargo”.

Sam Giertz, Co-principal of the new minority shareholder Resona and Chairman of the Board of MOST, explains: “We view MOST and Nexxiot as an alliance of truly complementary companies that promise to deliver the new standard in big data solutions across cargo shipping sectors.” He adds that together the two companies are “advancing TradeTech’s revolution across the supply chain with major sustainability implications for the future”.