Nordic Capital to acquire majority stake in iLOQ from Sievi Capital.

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.