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
- Industry
- Industrial Services
- Location
- Île-de-France, France
- Transaction Type
- Buyout
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