Eversheds Sutherland advises Internet of Things Technology Company on its acquisition of MachinesTalk Company JSC

Businessman in suit looking to night cityBusinessman in suit looking to night city

Eversheds Sutherland advises Internet of Things Technology Company on its acquisition of MachinesTalk Company JSC

August 22, 2023

Saudi Arabia
Saudi Arabia
Saudi Arabia

Eversheds Sutherland and AlDhabaan & Partners in association with Eversheds Sutherland advised Internet of Things Technology Company (“IoT2”) on its proposed strategic acquisition of a 100% stake of MachinesTalk Company JSC (“MachinesTalk”).

IoT2 is a joint venture between Saudi Telecom Company and the Public Investment Fund, which was established to provide Internet of Things (“IoT”) solutions amid the Kingdom of Saudi Arabia’s digital transformation strategy.

MachinesTalk is one of the largest Saudi companies in the IoT domain and it has delivered diversified solutions focused on smart mobility, with additional capabilities in smart buildings and facilities, smart cities, and industrial IoT. 

The Eversheds Sutherland team was led by Partner, Lana Habash, with support from Senior Associate, Rhydian Wyn, and Associate, Yasmine Odeh, along with Partners, Mohammad Al Ahmad and Ibrahim Alsultan, and Associate, Faisal AlShaikh of AlDhabaan & Partners in association with Eversheds Sutherland.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Services

Key contacts

lanahabash@eversheds-sutherland.com

Lana Habash

Partner

Amman, Jordan

Latest Insights

Latest News

Latest Events

ma-report-2026-part1

guides and reports

October 07, 2026

How AI is democratizing M&A for buyers and investors

ma-2026-report-part6

guides and reports

October 07, 2026

Cross-border technology M&A: global opportunity, local legal risk

Contemporary office buildings courtyard modern architecture glass facade

legal updates

October 07, 2026

Commercially Connected Shorts - 7 October 2026

skyscrapers

legal updates

October 07, 2026

EU: Proposed KIDS Act Targets Online Child Safety

© Eversheds Sutherland 2026. All rights reserved. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client. For further information about these Eversheds Sutherland Entities and Eversheds Sutherlands’ structure please see the Legal Notices page of this website.