Announced
Financials
Tags
Friendly
Pending
Finland
maintaining security systems devices
Security Services
Acquisition
monitoring security systems devices
security systems devices
Majority
Single Bidder
burglar alarms
fire alarms
Private
Private Equity
Synopsis
Nordic Capital, a private equity investment company, agreed to acquire majority stake in iLOQ, provides self-powered digital locking and mobile access management solutions, from Sievi Capital. Financial terms were not disclosed. “We are very excited to take the next step on our journey. Together with Nordic Capital, we will be able to accelerate our international growth agenda and continue to invest to develop new technologies, features, and products to best serve our customers. Nordic Capital is well placed to support our future growth through its sector expertise and extensive experience in organic growth acceleration and international expansion,” Heikki Hiltunen, iLOQ CEO.
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