The sale of iLOQ to Nordic Capital has been approved by the Competition Authority

iLOQ Oy announced on October 15, 2019 that the major shareholders of iLOQ have agreed, together with Sievi Capital Oyj, to sell the entire share capital to a company majority holding in Nordic Capital Fund IX.

The transaction has been approved by the competition authorities and has been closed today.

For more information

Heikki Hiltunen, President and CEO, tel. +358 40 3170 260

iLOQ in brief

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 minimize lifecycle costs.