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Munich Re takes over the IoT player Relayr


Munich Re is taking over the Internet of Things (IoT) company Relayr through its subsidiary Hartford Steam Boiler (HSB).

“IoT is already changing our world and has the potential to revolutionize the traditional insurance and reinsurance industry”

Relayr is valued at $ 300 million and HSB will own 100% of the shares upon completion.

Torsten Jeworrek, Member of the Management Board at Munich Re, says: “IoT is already changing our world and has the potential to …



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