Hong Kong-based Season Group has come to the rescue of financially troubled full-stack IoT firm Pycom, which went into administration in the UK in September.

Season Group is an electronics design and manufacturing services provider headquartered in Hong Kong with sites in China, Malaysia, Mexico and the UK. It has acquired all the assets of Pycom, which provides a fully integrated IoT platform to build scalable connected services.

Founded in 2015, Pycom provides a global, industry-agnostic technology platform consisting of software, hardware, and design and integration services. Connecting developers, consumers and enterprises all around the world is Pycom’s primary goal. It has attracted over 200,000 business and enterprise customers in more than 120 countries.

Pycom has empowered over 800,000 developers in its online community to develop IoT services. Its portfolio consists of extensive software and custom OEM hardware modules that support multiple networks: wifi, Bluetooth LE, LoRa and LTE-M. When used with the PyBytes device cloud, devices can easily be deployed, monitored and updated at scale, providing the missing piece of most IoT services.

All assets will be purchased by Pycom BV, a newly established company in the Netherlands, and will run as an autonomous subsidiary to maintain its start-up culture.

“We view this acquisition as an aqui-hire,” said Carl Hung, CEO of Season Group. “The team in Eindhoven Pycom will be retained. Their expertise in IoT hardware, firmware and cloud development will complement Season Group’s existing IoT capabilities well and further speed up our development for customers.”

Pycom BV will continue to help developers productise their concepts into reality with Season Group’s customised end-to-end services.

“We are very excited to be joining Season Group, who are committed to pushing the release of the F01-S3 that will complement the existing product line by leveraging the latest technologies from our partners Espressif, Semtech and Sequans,” said Christian Ehlers, CTO of Pycom BV. “It is a great match as Season Group’s manufacturing capabilities in the UK, Mexico, Malaysia and China will help our customers in launching IoT devices even easier.”