Andera Partners completed the investment in Telecom Design.

Andera Partners, a private equity firm, completed the investment in Telecom Design, specialises in the design of innovative IoT solutions, ideally positioned in two fast-growing markets, well-ageing and smart home security. Financial terms were not disclosed. "Telecom Design is a company combining both the capacity for innovation and adaptation of a start-up with the organisational abilities of an industrial SME able to manage the production and logistics of millions of units. It is this unique DNA that has won over our largest customers in the well-ageing and smart home security markets. We are happy to welcome the Andera MidCap team to this project as we are convinced that they will help us to outperform ourselves by providing us with a vision and new resources that will enable us to support our strategy of conquering the European market but also to go even further by developing our talented executives," Philippe Maté and Bruno Maurel, Telecom Design Chairmen and CEOs.