ProGlove

Business Description

ProGlove is a disruptive technology leader for a smarter workforce.

The company provides integrated hardware and software solutions that are built around wearable barcode scanners with multiple IoT sensors allowing for hands-free data capture and improved workflow management. This combination of German engineering and industry analytics software caters to the growing demand for digitalisation across industries. ProGlove’s technology helps improve worker well-being, increase productivity and optimise efficiency.

ProGlove has been growing rapidly since its foundation in 2014. With offices in Munich, Chicago and Belgrade, it serves numerous customers in retail and e-commerce, logistics and warehousing, manufacturing and automotive across more than 30 countries.

In close partnership with ProGlove’s management and founders, Nordic Capital will enable the company to accelerate its future growth plans, further expand its customer base and invest in product development for wearable technology and software solutions. Nordic Capital will actively support ProGlove with its deep understanding of Industrial IoT, its strong network and significant experience from SaaS business models.

Sector

Industrial & Business Services

Key Information

Employees

300

Ownership

Nordic Capital Fund X, controlling shareholding

Head office

Munich, Germany

Investment date

2022