\n– The partnership will accelerate the company\u2019s rapid global growth in the large and growing market for wearable technology and software solutions\n<\/p>\n
<\/a> \n– Nordic Capital will support ProGlove and its unique, human centered solutions to improve shopfloor processes and achieve substantial efficiency gains\n<\/p>\n CHICAGO & MUNICH–(BUSINESS WIRE)–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 (\u201cIoT\u201d) company ProGlove. ProGlove is a disruptive technology leader for a smarter workforce. In close partnership with ProGlove\u2019s 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.\n<\/p>\n \nProGlove is a technology leader that has been growing rapidly since its foundation in 2014. With over 250 employees in Munich, Chicago and Belgrade, it serves numerous customers in retail and e-commerce, logistics and warehousing, manufacturing and automotive across more than 30 countries. Among them are renowned global brands such as Mercedes Benz, VW, BMW, DHL, XPO Logistics, GAP and Staples.\n<\/p>\n \nThe company provides integrated hardware and software solutions that are built around wearable barcode scanners with multiple IoT sensors allowing for hands-free data capture. This combination of German engineering and industry analytics software caters to the growing demand for digitalization across industries. ProGlove\u2019s technology helps improve worker well-being, increase productivity and optimize efficiency.\n<\/p>\n \nProGlove\u2019s market provides excellent opportunities to address increasing logistical complexity, the demand for accelerated digitalization and the need for ergonomic and efficient workflows in the wake of the global labor shortage.\n<\/p>\n \nNordic Capital will actively support ProGlove with its deep understanding of Industrial IoT, its strong network and significant experience from SaaS business models.\n<\/p>\n \nAndreas K\u00f6nig, CEO of ProGlove says: \u201cThis opportunity to work with Nordic Capital is instrumental for ProGlove to help us gain further momentum on our growth path. Building on Nordic Capital\u2019s tremendous expertise in Industrial IoT and SaaS, we will be in a very strong position to achieve our full potential. We are extremely excited about taking our business to the next level, both in terms of growth as well as innovation.\u201d\n<\/p>\n \n\u201cThe ProGlove team has built an outstanding business with a strong track-record of high-quality growth. ProGlove is a technology leader with strong competitive differentiation and a unique customer value proposition to enable smooth human-machine collaboration. Nordic Capital is looking forward to writing the next chapter together with the company\u2019s strong management team,\u201d says Andreas N\u00e4svik, Partner and Head of Industrial & Business Services, Nordic Capital Advisors.\n<\/p>\n \n\u201cI\u2019m delighted to have Nordic Capital on board. Its partnership approach and deep sector expertise will give ProGlove additional firepower to further invest in people and technology. The acquisition by Nordic Capital undoubtedly proves the strength of ProGlove and the tremendous opportunities that lie ahead,\u201d says Thomas Kirchner, co-founder of ProGlove.\n<\/p>\n \n\u201cProGlove is a very exciting company and a perfect first investment in the Industrial & Business Services sector for Nordic Capital in the German speaking part of Europe, broadening the sector footprint. Nordic Capital looks forward to working in partnership with the business to further strengthen ProGlove\u2019s great team of engineers and software developers and to continue the exciting trajectory the company is on,\u201d says Rainer Lenhard, Partner, Nordic Capital Advisors, Germany.\n<\/p>\n \nNordic Capital has continuously built its business over the past 15 years in the German speaking part of Europe and has become one of the most active investors, with seven companies from its focus sectors in its current portfolio.\n<\/p>\n \nWith a long history of investing in the Industrial & Business Services sector in the Nordic region, Nordic Capital\u2019s portfolio today includes companies like Sortera, an environmental services company focused on recycling and waste solutions; iLOQ, a provider of self-powered and mobile access management systems; Consilium Safety Group, a producer of safety technologies for the marine, oil and gas, transport and building sectors; and recently listed Cary Group, a leading vehicle glass repair and replacement provider offering sustainable car care solutions.\n<\/p>\n \nThe investment in ProGlove will be made by Nordic Capital X. ProGlove\u2019s founders and management will remain as minority owners. The transaction is subject to customary regulatory approvals. ProGlove would like to thank the previous investors Summit Partners, DI Technology and Bayern Kapital for their support to date.\n<\/p>\n \nAbout ProGlove\n<\/p>\n \nProGlove is a World Economic Forum Technology Pioneer and builds the smallest, lightest, and toughest barcode scanners in the world. ProGlove\u2019s industrial wearables connect the shopfloor worker to the Internet of Things. The wearables combined with ProGlove\u2019s industry analytics software platform promote human-machine collaboration and drive the digitization across the shopfloor. ProGlove\u2019s customers include some of the most iconic global industrial brands, pioneers and innovators in manufacturing and production, logistics and warehousing, retail and e-commerce, and post and parcel. Founded in 2014, the company employs more than 250 people from over 30 countries with offices in Chicago, Munich (Germany), and Belgrade (Serbia). Learn more at www.proglove.com<\/a>\n<\/p>\n \nAbout Nordic Capital\n<\/p>\n \nNordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com<\/a>\n<\/p>\n \n\u201cNordic Capital\u201d refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures and associated entities. The general partners and\/or delegated portfolio managers of Nordic Capital\u2019s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as \u201cNordic Capital Advisors\u201d.\n<\/p>\n Contacts <\/p>\n \nProGlove
<\/a><\/p>\n
Axel Schmidt
\n
press@proglove.com<\/a>
+49-89262035036\n<\/p>\n
![<\/a>](\"https:\/\/mms.businesswire.com\/media\/20220504005877\/en\/1443419\/5\/MARK_Leo_Flyer.jpg\"){kind=link}
![<\/a><\/p>\n\n– Nordic Capital will support ProGlove and its unique, human centered solutions to improve shopfloor processes and achieve substantial efficiency gains\n<\/p>\nCHICAGO & MUNICH–(BUSINESS WIRE)–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 (\u201cIoT\u201d) company ProGlove. ProGlove is a disruptive technology leader for a smarter workforce. In close partnership with ProGlove\u2019s 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.\n<\/p>\n\nProGlove is a technology leader that has been growing rapidly since its foundation in 2014. With over 250 employees in Munich, Chicago and Belgrade, it serves numerous customers in retail and e-commerce, logistics and warehousing, manufacturing and automotive across more than 30 countries. Among them are renowned global brands such as Mercedes Benz, VW, BMW, DHL, XPO Logistics, GAP and Staples.\n<\/p>\n\nThe company provides integrated hardware and software solutions that are built around wearable barcode scanners with multiple IoT sensors allowing for hands-free data capture. This combination of German engineering and industry analytics software caters to the growing demand for digitalization across industries. ProGlove\u2019s technology helps improve worker well-being, increase productivity and optimize efficiency.\n<\/p>\n\nProGlove\u2019s market provides excellent opportunities to address increasing logistical complexity, the demand for accelerated digitalization and the need for ergonomic and efficient workflows in the wake of the global labor shortage.\n<\/p>\n\nNordic Capital will actively support ProGlove with its deep understanding of Industrial IoT, its strong network and significant experience from SaaS business models.\n<\/p>\n\nAndreas K\u00f6nig, CEO of ProGlove says: \u201cThis opportunity to work with Nordic Capital is instrumental for ProGlove to help us gain further momentum on our growth path. Building on Nordic Capital\u2019s tremendous expertise in Industrial IoT and SaaS, we will be in a very strong position to achieve our full potential. We are extremely excited about taking our business to the next level, both in terms of growth as well as innovation.\u201d\n<\/p>\n\n\u201cThe ProGlove team has built an outstanding business with a strong track-record of high-quality growth. ProGlove is a technology leader with strong competitive differentiation and a unique customer value proposition to enable smooth human-machine collaboration. Nordic Capital is looking forward to writing the next chapter together with the company\u2019s strong management team,\u201d says Andreas N\u00e4svik, Partner and Head of Industrial & Business Services, Nordic Capital Advisors.\n<\/p>\n\n\u201cI\u2019m delighted to have Nordic Capital on board. Its partnership approach and deep sector expertise will give ProGlove additional firepower to further invest in people and technology. The acquisition by Nordic Capital undoubtedly proves the strength of ProGlove and the tremendous opportunities that lie ahead,\u201d says Thomas Kirchner, co-founder of ProGlove.\n<\/p>\n\n\u201cProGlove is a very exciting company and a perfect first investment in the Industrial & Business Services sector for Nordic Capital in the German speaking part of Europe, broadening the sector footprint. Nordic Capital looks forward to working in partnership with the business to further strengthen ProGlove\u2019s great team of engineers and software developers and to continue the exciting trajectory the company is on,\u201d says Rainer Lenhard, Partner, Nordic Capital Advisors, Germany.\n<\/p>\n\nNordic Capital has continuously built its business over the past 15 years in the German speaking part of Europe and has become one of the most active investors, with seven companies from its focus sectors in its current portfolio.\n<\/p>\n\nWith a long history of investing in the Industrial & Business Services sector in the Nordic region, Nordic Capital\u2019s portfolio today includes companies like Sortera, an environmental services company focused on recycling and waste solutions; iLOQ, a provider of self-powered and mobile access management systems; Consilium Safety Group, a producer of safety technologies for the marine, oil and gas, transport and building sectors; and recently listed Cary Group, a leading vehicle glass repair and replacement provider offering sustainable car care solutions.\n<\/p>\n\nThe investment in ProGlove will be made by Nordic Capital X. ProGlove\u2019s founders and management will remain as minority owners. The transaction is subject to customary regulatory approvals. ProGlove would like to thank the previous investors Summit Partners, DI Technology and Bayern Kapital for their support to date.\n<\/p>\n\nAbout ProGlove\n<\/p>\n\nProGlove is a World Economic Forum Technology Pioneer and builds the smallest, lightest, and toughest barcode scanners in the world. ProGlove\u2019s industrial wearables connect the shopfloor worker to the Internet of Things. The wearables combined with ProGlove\u2019s industry analytics software platform promote human-machine collaboration and drive the digitization across the shopfloor. ProGlove\u2019s customers include some of the most iconic global industrial brands, pioneers and innovators in manufacturing and production, logistics and warehousing, retail and e-commerce, and post and parcel. Founded in 2014, the company employs more than 250 people from over 30 countries with offices in Chicago, Munich (Germany), and Belgrade (Serbia). Learn more at www.proglove.com<\/a>\n<\/p>\n\nAbout Nordic Capital\n<\/p>\n\nNordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com<\/a>\n<\/p>\n\n\u201cNordic Capital\u201d refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures and associated entities. The general partners and\/or delegated portfolio managers of Nordic Capital\u2019s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as \u201cNordic Capital Advisors\u201d.\n<\/p>\nContacts <\/p>\n\nProGloveAxel Schmidt\npress@proglove.com<\/a>+49-89262035036\n<\/p>\n\nNordic CapitalKatarina Janerud, Communications Manager\nNordic Capital Advisors\nTel: +46 8 440 50 50\ne-mail: katarina.janerud@nordiccapital.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"– The partnership will accelerate the company\u2019s rapid global growth in the large and growing market for wearable technology and software solutions – Nordic Capital will support ProGlove and its unique, human centered solutions to improve shopfloor processes and achieve substantial efficiency gains CHICAGO & MUNICH–(BUSINESS WIRE)–Nordic Capital, a leading European private equity investor, has […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49624],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-784024","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-europe"],"acf":[],"yoast_head":"\nNordic Capital Announces Strategic Investment in German IoT and Wearable Technology Disruptor ProGlove - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-europe\/nordic-capital-announces-strategic-investment-in-german-iot-and-wearable-technology-disruptor-proglove\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordic Capital Announces Strategic Investment in German IoT and Wearable Technology Disruptor ProGlove - BeBeez\" \/>\n<meta property=\"og:description\" content=\"– The partnership will accelerate the company\u2019s rapid global growth in the large and growing market for wearable technology and software solutions – Nordic Capital will support ProGlove and its unique, human centered solutions to improve shopfloor processes and achieve substantial efficiency gains CHICAGO & MUNICH–(BUSINESS WIRE)–Nordic Capital, a leading European private equity investor, has […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bebeez.it\/en\/private-capital-in-europe\/nordic-capital-announces-strategic-investment-in-german-iot-and-wearable-technology-disruptor-proglove\/\" \/>\n<meta property=\"og:site_name\" content=\"BeBeez\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-04T18:03:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T13:20:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo-x2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"683\" \/>\n\t<meta property=\"og:image:height\" content=\"242\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"olomaster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"olomaster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bebeez.it\/en\/private-capital-in-europe\/nordic-capital-announces-strategic-investment-in-german-iot-and-wearable-technology-disruptor-proglove\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bebeez.it\/en\/private-capital-in-europe\/nordic-capital-announces-strategic-investment-in-german-iot-and-wearable-technology-disruptor-proglove\/\"},\"author\":{\"name\":\"olomaster\",\"@id\":\"https:\/\/15.161.165.86\/#\/schema\/person\/f3523ef027b0af56aa28725439cc9518\"},\"headline\":\"Nordic Capital Announces Strategic Investment in German IoT and Wearable Technology Disruptor ProGlove\",\"datePublished\":\"2022-05-04T18:03:48+00:00\",\"dateModified\":\"2023-07-11T13:20:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bebeez.it\/en\/private-capital-in-europe\/nordic-capital-announces-strategic-investment-in-german-iot-and-wearable-technology-disruptor-proglove\/\"},\"wordCount\":1077,\"publisher\":{\"@id\":\"https:\/\/15.161.165.86\/#organization\"},\"articleSection\":[\"Private capital in Europe\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bebeez.it\/en\/private-capital-in-europe\/nordic-capital-announces-strategic-investment-in-german-iot-and-wearable-technology-disruptor-proglove\/\",\"url\":\"https:\/\/bebeez.it\/en\/private-capital-in-europe\/nordic-capital-announces-strategic-investment-in-german-iot-and-wearable-technology-disruptor-proglove\/\",\"name\":\"Nordic Capital Announces Strategic Investment in German IoT and Wearable Technology Disruptor ProGlove - 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