Nordic Capital-backed iLOQ expands to Australia | Nordic Capital

Nordic Capital-backed iLOQ expands to Australia

SEPTEMBER 13 2023

iLOQ, a provider of digital access management solutions, will continue to fulfil its growth strategy by expanding to Australia.

Founded in Finland in 2003, iLOQ currently has sales offices in thirteen countries in Europe, the Middle East, USA and Canada, as well as a comprehensive global partner network. Starting operations in Australia will advance iLOQ's growth strategy and open up a large new market for the company.

Mike Smits has been appointed Country Manager, iLOQ Australia, from the beginning of September. His role is to develop the Group's business into new markets and business models by launching operations in Australia and building a local country organization. He is also responsible for leading the smart-locking revolution as iLOQ expands to a new continent.

Before joining iLOQ, Mr Smits held senior management roles in multinational companies such as Honeywell, VACON and Danfoss. He also brings a wealth of market experience from the Asia Pacific region.

"iLOQ continues to grow in line with its strategy. We bring to new markets state-of-the-art digital- and mobile-based locking solutions that are flexible, sustainable and reduce lifecycle costs," said Heikki Hiltunen, CEO of iLOQ.

For more information, please contact:

Heikki Hiltunen
President and CEO, iLOQ
e-mail: heikki.hiltunen@iloq.com

Thomas Thörewik
Chief Sales Officer, iLOQ
e-mail: thomas.thorewik@iloq.com

About iLOQ
iLOQ is a rapidly growing Finnish company that is leading the technological revolution in the digital locking industry. iLOQ transforms mechanical locks into digital and mobile access management. iLOQ solutions are based on technologies developed and patented by the company, enabling electronic and mobile locking without batteries or cables. iLOQ replaces mechanical and electromechanical locking systems with environmentally friendly solutions that solve the problems of lost or copied keys, reduce lock maintenance and minimise lifecycle costs. For more information about iLOQ, please see: www.iloq.com