Osram Invests in IoT Company to Strengthen its Digital Solution Development

Apart from the buyout talk confirmation, Osram also announced that it has purchased shares of Beaconinside, a German company developing IoT solutions, for expanding its digital business in location-based services.

Osram aims to integrate Beaconinside’s IoT solution for retails, smart city and logistics with its sensor technology to extend product portfolio such as beacon. Stefan Kampmann, CTO of OSRAM, noted, “Beaconinside’s innovative solutions enable sales-supporting advertising campaigns, detailed customer analyses and intelligent logistics monitoring of shipments. Beaconinside is therefore an excellent strategic addition to our portfolio.”

(Image: Osram)

Beaconinside explained how its technology helps retailers to understand the behaviors of their customers for providing customized services in the dynamic society. Michael Kappler, Managing Director of Beaconinside said, “With Osram at our side, we can serve the rapidly increasing international demand for our products more quickly.”

Beaconinside is founded in 2014 in Berlin and has built up a strong customer base nationally and internationally. The company has applied its technology in retail and service industry, such as grocery stores, fashion retailers or restaurants chains, but also industrial and large-scale projects such as Vienna Airport. Investors of the company include the former managing director of Wall AG, Daniel Wall; and Paulus Neef, co-founder of Pixelpark.

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