Announced
Financials
Tags
Capital Goods
industrial wearables
Germany
Single Bidder
Cross Border
Acquisition
Private
Private Equity
Friendly
Majority
Pending
Synopsis
Nordic Capital, a private equity firm, agreed to invest in ProGlove, a technology specialist that provides integrated hardware and software solutions. Financial terms were not disclosed. “This opportunity to work with Nordic Capital is instrumental for ProGlove to help us gain further momentum on our growth path. Building on Nordic Capital’s tremendous expertise in Industrial IoT and SaaS, we will be in a very strong position to achieve our full potential. We are extremely excited about taking our business to the next level, both in terms of growth as well as innovation,” Andreas König, ProGlove CEO.
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