£3500M
General Atlantic has acquired a minority stake in the Internet of Things provider via its climate growth equity fund, with Montagu remaining the majority shareholder.
"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."
