Investcorp Technology acquires Ubisense unit
MANAMA: Investcorp Technology Partners, an European lower middle market technology investor, announced that it had completed acquisition of Ubisense’s Smartspace business unit, including the Ubisense brand. The investment is the fifth deal from Investcorp’s Technology Fund IV.
Ubisense’s Smartspace is an enterprise software and sensor platform that generates and interprets vast amounts of location data to create digital visibility of real-world objects and their interactions in real time, enabling complex manufacturing processes with high levels of variability to be more flexible, easier to manage and easier to control. The solution generates meaningful and demonstrable Return on Investment on the cost of Smartspace’s service to their blue-chip customers. Ubisense’s Smartspace is present in a number of verticals, including Aerospace, Commercialvehicles, passenger vehicles, General Industry and Transportation among many others.
Commenting on the investment, Gilbert Kamieniecky, Managing Director and Head of Investcorp’s Technology Private Equity business, said: “Ubisense is an excellent addition to our Technology Partners portfolio. The company’s Real-time Location solution product is,i believe, revolutionary within the Industrial Internet of Things space and we have been impressed by the strength and depth of the management team. With our expertise in working with fastgrowing and data-driven businesses, Invest corp is looking forward to supporting the targeted growth trajectory and the company’s expansion plans.”