Trasna, headquartered in Ireland and possessing operations across Europe, provides semiconductor capabilities and related system-on-chip (SoC) solutions. The integration of Dubai-based Workz adds expertise in eSIM and SIM hardware and software, including over-the-air services, manufacturing, and data management. In 2021, Workz established itself at the forefront of eSIM technology by becoming the first to launch a certified cloud-based eSIM management service. The platform currently hosts over 150 network operators worldwide and was, last year, heralded by Counterpoint Research as an important innovation for the industry.

The acquisition comes at a pivotal time in the cellular IoT market as the industry transitions from traditional SIM cards to eSIM (embedded SIM) and emerging System-on-Chip (SoC) technologies such as iSIM (integrated SIM). Demand for next-generation SIM solutions by telcos, device manufacturers and IoT providers is steadily growing with the advent of new technologies such as IoT and 5G. According to Counterpoint Research, over 9 billion devices with embedded or integrated SIM technology are expected to be shipped by 2030. The newly strengthened entity is designed to capitalise on this market opportunity.

Trasna CEO Stephane Fund said,

“I am delighted to have Workz as part of the Trasna group. It has an excellent reputation in the market for innovation and agility, qualities we have experienced first-hand, having worked with them as a partner for many years. I see Workz and Trasna as a perfect fit that significantly strengthens the value of our IoT offering. The creation of a full end-to-end supply chain propels us to our goal of market leader in the mobile IoT market which makes for an exciting future for us and our customers.”

The acquisition of Workz by Trasna Holdings represents a strategic move that significantly enhances Trasna’s position in the rapidly evolving IoT market. By integrating Workz’s pioneering eSIM expertise and cloud-based solutions with its existing semiconductor and SoC capabilities, Trasna is now well-positioned to meet the growing demand for next-generation SIM technologies, including eSIM and iSIM, driven by advancements in IoT and 5G. This acquisition not only expands Trasna’s technological portfolio but also establishes it as a formidable end-to-end provider in the mobile IoT ecosystem, poised to capitalize on the projected growth of over 9 billion devices utilizing embedded or integrated SIM technology by 2030. With the addition of Workz’s innovative capabilities, Trasna aims to solidify its leadership in the global IoT communications market, offering a comprehensive range of solutions that cater to the future needs of telcos, device manufacturers, and IoT providers.

About Trasna IoT eSIM Workz

Trasna is a global technology leader specializing in semiconductor and software solutions for large-scale IoT deployments.

About Workz Trasna IoT eSIM Workz

Workz is a global provider of eSIM and SIM solutions with a comprehensive offering of subscriber management products and services from hardware to software, from SIM chips to over-the-air subscriber management services.