IK Partners Acquires Co-controlling Stake in Metrology & Monitoring Solutions (MMS)

September 20, 2023

IK Partners' Small Cap III Fund has acquired a co-controlling stake in Metrology & Monitoring Solutions Group (MMS) from Naxicap Partners, with the CEO and management reinvesting; financial terms were not disclosed. MMS, headquartered in Bezons, France, is a metrology and IoT temperature/humidity monitoring solutions provider with a proprietary SaaS platform (JRI-MySirius); IK will support international expansion, product innovation and further complementary acquisitions.

Buyers
IK Partners
Targets
Metrology & Monitoring Solutions Group (MMS)
Sellers
Naxicap Partners
Location
Île-de-France, France
Transaction Type
Buyout

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