ProGlove | Investments | Nordic Capital
A Proglove Index Trigger Und Mark2 Midrange

ProGlove

Wearable Barcode Scanners

ProGlove is a wearable technology disruptor that provides customers with integrated hardware and software solutions built around wearable barcode scanners.

Company Background

  • Combines German engineering with industry analytics to cater the growing digitalisation demand across industries.
  • Addressing the increasing logistical complexity with smooth human-machine collaboration while enabling ergonomic and efficient workflows in the wake of the global labour shortage.
  • Strong track-record of high-quality growth since its foundation in 2014.
  • ProGlove is headquartered in Munich, Germany, with additional offices in Chicago (USA), Coventry (UK) and Belgrade (RS).
  • Trusted by more than 2,000 customers across warehousing, logistics, manufacturing, and retail, delivering solutions that increase productivity, safety, and quality in their operations.

Vision & Outlook

  • Enable ProGlove to accelerate its future growth plans, further expand its customer base and invest in product development.
  • ProGlove offers an attractive platform to promote a strong ESG agenda with a focus on the well-being of the human worker in the centre, empowered through a very ergonomic solution.


Highlights & Updates

  • ProGlove focuses on sustainable production by addressing carbon emissions, waste management, and the use of environmentally friendly materials, demonstrating its commitment to responsible innovation.
  • In 2023, the Company expanded its geographical footprint by opening its first presence in the UK through a dedicated site in Coventry.
Proglove Logo 2048X590 1

SECTOR

Services & Industrial Tech

REVENUES 2023

EUR 105 million

EMPLOYEES

330

OWNERSHIP

Fund X

INVESTMENT DATE

2022

HEAD OFFICE

Munich, Germany

MANAGEMENT

Stefan Lampa

CEO

Thomas Nowak

CFO

CHAIRPERSON

Ken Allen

Chair

RESPONSIBLE ADVISORS

Andreas Näsvik

Partner | Head of Services & Industrial Tech | Head of Sweden

Rainer Lenhard

Partner | Head of DACH

Nordic Capital's Industrial & Business Services focus

Nordic Capital is a leading Industrial & Business Services investor in the Nordics, with particular experience in Business Services and Manufacturing. We invest selectively in companies that benefit from robust underlying growth trends and an expanding market position.

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