Ardian completed the acquisition of a majority stake in Swissbit.

Ardian completed the acquisition of a majority stake in Swissbit, a manufacturer of data storage technologies and internet of things solutions. Financial terms were not disclosed. “The main factors for our investment in the company were Swissbit's convincing and promising business model combined with an excellent management team with many years of industry experience and strong technological expertise. We look forward to working in partnership with the management and supporting the company as it continues down its path of growth towards a successful future,” Dirk Wittneben, Ardian Managing Director.