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Munich Re to acquire Boston tech company relayr


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Munich Re to acquire Boston tech company relayr

Germany's Munich Re Co. is acquiring relayr Inc. in a deal that values the Boston technology company at $300 million.

The closing of the transaction is subject to regulatory approvals, which are expected to be obtained within four to six weeks. Though part of Munich Re, relayr will continue to operate autonomously.

Relayr offers industrial players end-to-end solutions in the area of internet of things and digitalization. The joint business model will develop solutions for clients, offering technology, risk management, data analysis and financial instruments.