iLOQ is a leading provider of self-powered digital and mobile locking systems which transform the way access to buildings is handled into a highly secure, functional and sustainable system.

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.

Sector

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Industrial & Business Services

Key Information

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Revenues 2018

EUR 50 million

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Employees

150

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Ownership

Nordic Capital Fund IX, controlling shareholding

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Head office

Oulu, Finland

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Investment date

2019