IK Investment Partners agreed to acquire a majority stake in MDT Technologies, a manufacturer of building automation products based on the KNX standard. Financial terms were not disclosed. “We are impressed by the success that Mr. Kremer and his team have achieved with MDT over the past decade. Since entering the building automation market, the Company has demonstrated significant growth year-on-year whilst maintaining highly efficient operations. Today, MDT is one of the leading players in the German market and acts as a key innovator in the KNX space. Together with the existing management team, we are excited to continue this journey and further strengthen MDT’s market position and drive future growth,” Mirko Jablonsky, IK Partner.