The Netmore Group – a Polar Structure subsidiary specialized in connectivity and Internet of Things (IoT) – has been busy.

Through equal parts organic growth and corporate acquisitions, the Stockholm-based company has solidified a top position among Low Power Wide Area Network (LPWAN) providers and operators – particularly in the Long Range Wide Area Network (LoRaWAN) space. In fact, Netmore is consolidating the LoRaWAN market and aims to become a global leader in its overall field of technology.

Founded in 2010, the company gained a large share of its current footprint in the 2020s – setting up offices in 19 countries and deploying LoRaWAN networks in even more. At the start of 2026, Netmore announced the acquisition of the French company Actility, which (along with Actility’s LPWAN deployments) made it one of the largest LoRaWAN network operators in the world. And it was also maintaining a strong commercial growth trajectory.

Throughout the first half of 2026, Netmore was connecting almost 10,000 new IoT devices each day. By the end of June, the company reported the number of active devices had reached 11.2 million, as well as a total of 18.4 million contracted devices.

Emerging tech becomes a maturing market

Consolidation occurs when an emerging technology market begins to mature. And after more than a decade since it was created, there’s now plenty of viability for LoRaWAN use cases. A networking protocol for long-range communication with minimal power consumption, it’s proven to be well-suited for connecting millions and ultimately billions of sensors and similar devices that don’t need to continuously communicate.

Classified within the IoT technology category of massive IoT, its applications include:

• Smart metering – Connected meters for water, gas, electricity, or other utilities to streamline billing and optimize resource efficiency.
• Energy monitoring – Digital sensors for reporting energy usage in real time for better environmental impact and cost savings.
• Tracking and tracing – Asset monitoring systems to facilitate data-driven operations, enhance productivity, and reduce loss or theft.

As LoRaWAN becomes more and more established, a once vast and diffuse field of competitors is consolidating into market leaders. The technology’s growing acceptance also fuels deals for projects of increasing size and scope, such as a contract for more than a million smart water meters and the network deployment to connect them.

Both factors have played an essential part in Netmore’s rise.

An open standard as the foundation for growth

A critical element of the Netmore Group’s emergence as LoRaWAN market leader is the inherent nature of the technology itself.

LoRaWAN allows for scale, openness, and interoperability. It can encompass a low enough connectivity cost that makes connecting hundreds of millions (if not billions) of devices profitable. As an open standard freely available to anyone, there’s a thriving ecosystem of marketplaces and developer communities with a constant variety of products and solutions. What’s more, any LoRaWAN device can work on any LoRaWAN network, which enables more diversity in the market and easily allows roaming between networks.

Equally important to its widening market position has been Netmore’s acquisitions of other  LoRaWAN operators and their networks. In Sweden, it acquired Blink at the end of 2018 and then an IoT network from Talkpool in early 2021. The acquisition of Techtenna and Redexia in 2022, meanwhile, expanded Netmore into the Netherlands and Spain, respectively. And in 2024, the company gained a foothold in North America by acquiring Senet, Inc., as well as South America and Asia with the acquisition of Everynet.

Corporate acquisitions, however, come with more than just additional networks and expanded connectivity. When Netmore acquired the Spanish company Arson Metering in 2025, for example, it added deployments across Spain, Italy, France, and Greece, but also enhanced its abilities in end-to-end solutions for water and gas utilities and gained a well-established network operations center.

And the previously mentioned acquisition of Actility that put Netmore among the world’s largest LoRaWAN operators? It added capabilities like providing on-premise solutions for totally private LPWAN networks, gained critical value-added services, and took on platform partnerships with Tier-1 network operators.

Working towards global transformation

Like LoRaWAN, the overarching massive IoT market has long been fragmented. Despite the proven ability to collect and aggregate data of significant value, both in terms of business and society, the field lacks structural consolidation.

For years, customers have been forced to choose between different LPWAN technologies, such as cellular (NB-IoT or LTE-M) or LoRaWAN. It’s a split that’s created competition among different forms of connectivity that could be complementing one another. LoRaWAN, for instance, has many strengths but isn’t perfect. The signal isn’t always effective in certain situations, but cellular can overcome such blind spots.

Gaining a leadership position in LoRaWAN allows Netmore to create a foundation for combining it with other LPWAN technologies. The company’s network deployments around the world and deepening capabilities enable discovery and development for new solutions, new products, and new ways forward.

By consolidating the LoRaWAN market, Netmore is setting a course to globally transform massive IoT.

To read more, visit: https://netmoregroup.com/