Capnor Weasel Bidco Oyj’s subsidiary iLOQ Ltd takes measures to secure future growth and competitiveness in a changing environment
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Capnor Weasel Bidco Oyj’s subsidiary iLOQ Ltd takes measures to secure future growth and competitiveness in a changing environment
In current macroeconomic and geopolitical challenges, iLOQ Ltd, a subsidiary of Capnor Weasel Bidco Oyj, is taking measures to secure its growth and competitiveness. As part of such measures, iLOQ Ltd launches change negotiations within the Group to adapt its organizations and staffing to the current market conditions and to prepare for the future.
Today, the Group employs approximately 330 persons. The planned organizational changes are expected to lead to a permanent reduction of approximately 45 positions globally.
This information is information that Capnor Weasel Bidco Oyj is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 20.45 CET on 7 April 2025.
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Heikki Hiltunen, CEO and President, iLOQ Ltd
About iLOQ
iLOQ is a technology disruptor that has revolutionized the locking industry by replacing mechanical locking to make life limitless. Battery- and cable-free smart locks maximize security, minimize lifecycle costs and enhance the value and sustainability of properties and infrastructures. iLOQ operates in more than 55 countries with over 1,800 partner locations globally. In 2024, iLOQ had a turnover of €128,7 million and more than 330 employees. www.iLOQ.com