The ownership of Tosibox Oy expands. The Italian SBS S.r.l. becomes a new investor in Tosibox. The investment will further strengthen Tosibox Oy’s determined, global growth strategy.
Tosibox Oy’s investor base broadens. It has been confirmed that the Italian SBS S.r.l. has made an investment of 15 percent stake in A shares of Tosibox Oy. The globally patented TOSIBOX® technology offers multiple industry sectors secure IoT connectivity and network management.
“It is quite clear that Tosibox is a lucrative investment – internationally, too. This share purchase undeniably proves it. Last spring, we actively met with different investors, as growth companies need equity when expanding their operations beyond their domestic market. SBS S.r.l.’s investment provides us with ample opportunities to carry out our strategy: We aspire to be a globally operating, strongly growing, profitable company who is the first choice for easy and secure connectivity,” says Jarno Limnéll, CEO of Tosibox.
”One of the two spheres of operation for our corporation is the industry sector, and our subsidiary Telestar S.r.l., which belongs to that group of companies, partnered up with Tosibox back in 2014. Since then, their cooperation has evolved and established. Our great faith in and appreciation of Tosibox executives as well as the excellent know-how and magnificent prospects it offers have convinced SBS S.r.l. to invest in Tosibox. This investment will further strengthen the cooperation of the two companies, contributing to their positive development,” says Giovanni Storti, President of the board of director of SBS S.r.l.
Established in 2011, Tosibox Oy offers an easy and secure remote connectivity solution widely utilized for example in building and industrial automation, as well as in the security sector. The solution enables secure IoT connectivity, remote maintenance and network management. Last year, the company’s net sales saw a growth of 24 percent to approximately 4.2 million euros. International sales represented 64 percent of their total sales volume.
Jarno Limnéll, CEO, + 358 40 527 6173, firstname.lastname@example.org
Tosibox in brief
Tosibox Oy has taken connectivity and made it simple. TOSIBOX® solution is a game changer for secure IoT connectivity, remote maintenance and network management. The award-winning TOSIBOX® products are manufactured in Finland and used in more than 120 countries. www.tosibox.com
SBS S.r.l in brief
SBS S.r.l. operates under SBS Holding S.r.l and consists of several companies in consumer electronics and industry sectors. The group is owned by the Storti family and led by Sandro Storti and Giovanni Storti. The first companies of the group were founded in 1994. Today, the group employs more than 400 people and reported net sales of 135 million euros in 2018.