Nordian Capital completed the acquisition of a majority stake in MYLAPS from HAL.

Nordian Capital, an investment firm, completed the acquisition of a majority stake in MYLAPS, a provider of sports timing systems and services, from HAL. Financial terms were not disclosed. Together with the management of MYLAPS, Nordian wants to give the company a new growth impulse. The focus is on the further development and global roll-out of the new product portfolio in timing, tracking and race control for all kinds of sports.