The acquisition strengthens Nornir’s smart city investment in property management, operation and maintenance, with a focus on artificial intelligence and autonomous processes.
Nornir and Appollo have collaborated for a long time on the development of data capture solutions for reporting management tasks. The acquisition enables further scaling for Appollo and further development of their services to meet ever-new requirements for integration between different back-end systems and IoT equipment. Nornir contributes with technology, development resources and capital to continue growth.
Property management software is an important part of Nornir’s core business. The Appollo team will become part of Nornir with key management positions to further develop leading autonomous solutions for current and future customers.
The acquisition will undergo a “Due Diligence” which is expected to be completed by Christmas time. The trade will have an accounting effect from 1 January 2023 if everything goes according to plan.
Appollo IT Consulting supplies software solutions within the management, operation and maintenance of properties, as well as insurance solutions and fire book systems. Appollo currently manages over 3,600 buildings across the country, with Oslo Municipality as one of its largest customers.
To learn visit appollo.no.
The company behind Nornir HIVE – the world’s first collective machine learning network. The network enables unification of IoT devices, data and functionality across vendors and ecosystems.