Provider of self-powered digital and mobile locking systems
Heikki Hiltunen, CEO
Chairman of the Board
iLOQ is a fast-growing Finnish company and a leader in the technological revolution in the locking industry. The company's products replace mechanical locking with digital access control. iLOQ solutions are based on proprietary technology developed by the company that enables electronic locking without batteries or cables. iLOQ offers environmentally friendly, self-powered solutions that solve problems caused by lost or copied keys, lock maintenance and life cycle costs.
One of the key attractions of the investment was iLOQ’s distinct focus on innovative, sustainable solutions.
Drawing on its extensive experience of organic growth acceleration and international expansion, Nordic Capital will support iLOQ’s further growth journey and continued investment to develop new sustainable technologies, features and products to best serve iLOQ’s customers.
Industrial & Business Services
EUR 50 million
Nordic Capital Fund IX, controlling shareholding