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Wireless Logic acquires Jola

Add-on acquisitionannouncedadd-onannounced Jul 13, 2022Fact
What happened
Target
Jola
Platform
Wireless Logicadd-on basis: Wireless Logic is held by Montagu Private Equity, LLP (holding evidence as written before reparse (Wireless Logic is held by Montagu Private Equity, L (holding evidence https://montagu.com/wireless-logic-acquires-simetry-expanding-us-managed-iot-connectivity/))
Control
Control
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
5 named
Buy side
  • Wireless LogicPlatformconfirmed
    Wireless Logic is held by Montagu Private Equity, LLP (holding evidence as written before reparse (Wireless Logic is held by Montagu Private Equity, L (holding evidence https://montagu.com/wireless-logic-acquires-simetry-expanding-us-managed-iot-connectivity/))
  • Wireless Logic is held by Montagu Private Equity, LLP (holding evidence as written before reparse (Wireless Logic is held by Montagu Private Equity, L (holding evidence https://montagu.com/wireless-logic-acquires-simetry-expanding-us-managed-iot-connectivity/))
Side not stated
  • Andrew DickinsonManagementconfirmed
    Andrew Dickinson, CEO of Jola commented, ‘“Wireless Logic is one of the standout successes of the ICT sector and we have long been admirers of Oliver Tucker and his team.
  • Oliver TuckerManagementconfirmed
    Oliver Tucker, CEO of Wireless Logic commented, “There is a natural fit between Wireless Logic and Jola, which makes this an exciting acquisition for all involved.
  • JolaTargetconfirmed
    Wireless Logic acquires Jola
Evidence
Wireless Logic acquires Jola
Wireless Logic acquires Jola | Private Equity Intelligence | DFX