Munich Re acquires tech company relayr

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Munich Re acquires tech company relayr

Munich Re acquires tech company relayr via its subsidiary Hartford Steam Boiler (HSB)

  • Relayr offers industrial players end-to-end solutions in the area of IoT and digitization
  • Relayr has value of $300 million and HSB will hold 100% of the shares upon completion
  • The joint business model will develop solutions for clients, offering not only technology but also risk management, data analysis and financial instruments
  • This acquisition combines Munich Re knowledge of risk, data analysis skills and financial strength with Relayr’s technological expertise
  • Relayr sells its solutions directly, in cooperation with consulting partners, and indirectly via technology companies
  • Relayr it can connect new and legacy hardware and software to extract and analyse data