Wireless Logic – a leading independent global Internet of Things (IoT) solutions provider – announced it welcomed General Atlantic, a leading global investor as a new minority shareholder, through investment from the firm’s BeyondNetZero climate growth equity fund. And the company’s existing shareholder Montagu (a leading mid-market private equity firm) will remain the majority shareholder, reinvesting alongside General Atlantic.
Launched in 2000 and based in the UK, Wireless Logic is the global leader in IoT connectivity, dedicated to bridging the physical and digital worlds with seamless, secure, and scalable solutions for businesses in any sector. And the platform helps clients from a diverse range of industries connect and manage all their IoT devices, no matter the device, geography or network, in a single platform.
Through its commitment to SBTi, the company is not zero-aligned and plays a key role in enabling a wide range of IoT-connected energy transition and climate applications, including smart grids, micro-mobility, industrial optimisation, and precision agriculture.
The deal, which values Wireless Logic at £3.5 billion, is subject to customary closing conditions and is expected to close in the third quarter of 2025.
With continued backing from Montagu and the additional support of General Atlantic, Wireless Logic is primed for continuing its high growth trajectory. And by pursuing an organic investment and active acquisition strategy, Wireless Logic is expected to further strengthen its market-leading position by driving global geographic expansion, diversifying market channels, and enhancing its platform offering.
Collaborating with General Atlantic will bring complementary global scale and network, as well as technological and operational capabilities, including the experience from General Atlantic’s Vice Chairman of EMEA, Vittorio Colao, who previously served as Minister of Technological Innovation and Digital Transition for the Italian government and as CEO of Vodafone Group. Mr. Colao joins Wireless Logic’s Board along with existing Chairman, Sir Michael Rake, who previously served as Chairman of BT Group and President of the Confederation of British Industry.
Advisors: Montagu was advised by Rothschild & Co as financial advisor and Freshfields as legal advisor. And General Atlantic was advised by William Blair as financial advisor, Weil Gotshal & Manges as legal advisor and Analysys Mason as technology advisor.
KEY QUOTES:
“Wireless Logic, Montagu and General Atlantic share a collective ambition to reinforce Wireless Logic’s market leadership and mission to simplify and automate IoT connectivity and management for customers globally, as well as create value for investors and establish a great place to work. I look forward to the next phase of our growth journey.”
Wireless Logic Co-Founder and CEO Oliver Tucker
“We are excited to continue backing Wireless Logic through the next stage of growth having first invested in the business in 2018. This reinvestment demonstrates our continued confidence in Wireless Logic’s exceptional growth trajectory, and we are thrilled to have General Atlantic partnering alongside us. We are enthusiastic about the opportunity for Wireless Logic as it continues to cement its position as the Internet of Things solutions provider of choice for customers globally.”
Ed Shuckburgh, Managing Partner – CEO at Montagu
“We are pleased to support the next stage of Wireless Logic’s journey in partnership with Montagu. Wireless Logic has positioned itself as a leader in the rapidly expanding IoT market, and in turn as a key enabler of the energy and climate transition, providing data transparency, operational efficiency, and cost reductions across industries to accelerate energy efficiency for the future. We believe there is a strong opportunity for the Company to achieve further growth, through transformational M&A, which it has already proved itself adept at, and continued geographic expansion across Europe, North America, LATAM, and APAC. “
“From its founding in 2000, Wireless Logic has demonstrated strong resilience, by building a highly diversified customer base and generating uninterrupted growth since inception. We look forward to partnering with Montagu and Wireless Logic’s high quality management team as the Company embarks on its next stage of growth.”
Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic’s EMEA business
