General Atlantic completed the acquisition of a minority stake in Montagu-backed Wireless Logic.

General Atlantic, a global investor, completed the acquisition of a minority stake in Montagu-backed Wireless Logic, an independent global internet of things solutions provider. Financial terms were not disclosed. “We are pleased to support the next stage of Wireless Logic’s journey in partnership with Montagu. Wireless Logic has positioned itself as a leader in the rapidly expanding IoT market, and in turn as a key enabler of the energy and climate transition, providing data transparency, operational efficiency, and cost reductions across industries to accelerate energy efficiency for the future. We believe there is a strong opportunity for the Company to achieve further growth, through transformational M&A, which it has already proved itself adept at, and continued geographic expansion across Europe, North America, LATAM, and APAC," Gabriel Caillaux, General Atlantic Co-President, Global Head of Climate, and Head EMEA business.