Tern's InVMA swallows up AMIHO Technology

Technology investor Tern said on Wednesday that its investee company InVMA, in which it has a 50% holding, has acquired the intellectual property and other assets of Cambridge-based AMIHO Technology.

The AIM-traded firm said AMIHO's key personnel would be joining a new product division of InVMA.

It said AMIHO Technology was founded in 2009 to solve the problem of connectivity for the smart energy industry.

Its intellectual property consists of a series of wireless RF modules, protocol stacks and evaluation kits.

The new division would offer professional design services to help customers “robustly connect” on the ‘LoRA’ - a patented digital wireless data communication internet-of-things technology - and M-Bus - a European standard for the remote reading of gas or electricity meters - protocols.

Tern said InVMA’s acquisition would have no immediate impact on the carrying value of its investment in InVMA, however did provide an “interesting opportunity” for its investee.

“The addition of the team will empower InVMA to offer embedded software products and design services to customers, our partners, system integrators and other PTC partners to enable communication with their products and operations and to extend the capability of AssetMinder,” said InVMA managing director Patrick Nash.