Nordic Capital, a leading European private equity investor, has signed an agreement to become the majority owner of the German-based Industrial Internet of Things (“IoT”) company ProGlove. ProGlove is a disruptive technology leader for a smarter workforce. In close partnership with ProGlove’s management and founders, Nordic Capital will enable the company to accelerate its future growth plans, further expand its customer base and invest in product development. The financial terms of the transaction will not be disclosed.
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Target – Workaround GmbH (ProGlove)
Buyer – Nordic Capital AB
Seller – Shareholders
