Wireless Logic Partners with General Atlantic to Accelerate IoT Connectivity Growth
In a strategic move to bolster its position as a global leader in Internet of Things (IoT) solutions, Wireless Logic, a premier independent provider of IoT connectivity, has welcomed General Atlantic, a renowned global growth equity investor, as a minority shareholder. This partnership is facilitated through General Atlantic’s BeyondNetZero climate growth equity fund, underscoring the growing importance of sustainability and innovation in the IoT sector. Existing majority shareholder, Montagu, a leading mid-market private equity firm, will continue to back Wireless Logic, reinvesting alongside General Atlantic in this transformative deal.
A Landmark Transaction Valuing Wireless Logic at £3.5 Billion
The transaction values Wireless Logic at an impressive £3.5 billion, reflecting the company’s robust growth trajectory and market leadership. Subject to customary closing conditions, the deal is expected to be finalized in the third quarter of 2025. This development marks a significant milestone for Wireless Logic, reinforcing its status as a key player in the rapidly expanding IoT landscape.
Bridging the Physical and Digital Worlds with IoT Solutions
Founded in 2000 and headquartered in the UK, Wireless Logic has emerged as a global pioneer in IoT connectivity. The company specializes in delivering seamless, secure, and scalable solutions that connect businesses across diverse industries to their IoT devices, regardless of device type, geography, or network. By providing a unified platform for managing IoT ecosystems, Wireless Logic empowers organizations to streamline operations, enhance efficiency, and unlock new opportunities for innovation.
As part of its commitment to sustainability, Wireless Logic aligns with the Science Based Targets initiative (SBTi) and plays a pivotal role in driving the energy transition and addressing climate challenges. Its IoT solutions support critical applications such as smart grids, micro-mobility, industrial optimization, and precision agriculture, enabling businesses to achieve greater operational transparency, cost reductions, and energy efficiency.
Strengthening Market Leadership Through Strategic Growth
With continued backing from Montagu and the addition of General Atlantic’s expertise, Wireless Logic is poised to accelerate its growth strategy. The company plans to expand its footprint globally, diversify its market channels, and enhance its platform offerings through both organic investments and targeted acquisitions. This dual approach positions Wireless Logic to solidify its leadership in the IoT space while capitalizing on emerging opportunities in regions like Europe, North America, LATAM, and APAC.
The partnership with General Atlantic brings complementary strengths, including global scale, technological expertise, and operational capabilities. Notably, Vittorio Colao, Vice Chairman of EMEA at General Atlantic and former CEO of Vodafone Group, joins Wireless Logic’s Board. His extensive experience in digital transformation and telecommunications adds significant value to the company’s leadership team, which also includes Sir Michael Rake, former Chairman of BT Group and President of the Confederation of British Industry.
A Shared Vision for IoT Innovation and Sustainability
Commenting on the partnership, Oliver Tucker, Co-Founder and CEO of Wireless Logic, expressed his enthusiasm:
“Wireless Logic, Montagu, and General Atlantic share a collective ambition to reinforce our market leadership and mission to simplify and automate IoT connectivity and management for customers globally. This collaboration will not only create value for investors but also establish Wireless Logic as a great place to work. I look forward to the next phase of our growth journey.”
Ed Shuckburgh, Managing Partner and CEO at Montagu, echoed this sentiment:
“We are excited to continue backing Wireless Logic through its next stage of growth, having first invested in the business in 2018. This reinvestment underscores our confidence in Wireless Logic’s exceptional growth trajectory, and we are thrilled to have General Atlantic as a partner. We are enthusiastic about the opportunities ahead as Wireless Logic cements its position as the IoT solutions provider of choice globally.”
Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic’s EMEA business, highlighted the company’s potential:
“Wireless Logic has established itself as a leader in the rapidly expanding IoT market and as a key enabler of the energy and climate transition. By providing data transparency, operational efficiency, and cost reductions across industries, the company accelerates energy efficiency for the future. We believe there is a strong opportunity for Wireless Logic to achieve further growth through transformational M&A and continued geographic expansion.”
A Legacy of Resilience and Innovation
Since its founding, Wireless Logic has demonstrated remarkable resilience by building a highly diversified customer base and achieving uninterrupted growth. This track record positions the company as a trusted partner for businesses seeking to harness the power of IoT. With the combined support of Montagu and General Atlantic, Wireless Logic is well-equipped to navigate the evolving demands of the IoT market and deliver innovative solutions that drive meaningful impact.
Expert Advisors Facilitate a Seamless Partnership
Montagu was advised by Rothschild & Co as financial advisor and Freshfields as legal advisor during the transaction. General Atlantic, on the other hand, received counsel from William Blair as financial advisor, Weil Gotshal & Manges LLP as legal advisor, and Analysys Mason as technology advisor.
About Montagu
Montagu is a leading mid-market private equity firm, committed to finding and growing businesses that make the world work. Focussing on businesses with a must-have product or service in a structurally growing marketplace, Montagu brings proven growth capabilities to help companies achieve their ambitions and unlock their full potential. Montagu specialises in carve-out and other first time buyout investments and has deep expertise in five priority sectors: Healthcare, Financial Sector Services, Critical Data, Digital Infrastructure and Education. ESG forms an integral part of its strategy, and its commitment to responsible investment is fully integrated into its investment and value-creation process. Montagu partners with companies with enterprise values between €200 million and €1 billion and has €14 billion of assets under management.
For additional information on Montagu, visit www.montagu.com.
About Wireless Logic
Wireless Logic is a leading global IoT solutions provider that simplifies and automates IoT connectivity and management for any device, anywhere. With more than 18 million IoT devices connected across 165 countries to over 750 global networks, Wireless Logic provides global coverage and ultra-local services that help to fast-track the success of customer projects.
With its purpose-built platform and dedicated IoT network, Wireless Logic enables customers to securely connect and manage assets across any network and number of deployments. For customers, this simplifies supply chains, accelerates time to market, lowers the total cost of ownership and delivers connectivity solutions that just work.
Wireless Logic works in partnership with 25,000+ enterprises and businesses to ensure that IoT solutions are designed, tested, deployed and scaled to meet the needs of each specific use case. Ultimately, Wireless Logic delivers the most flexible, resilient and secure connectivity solutions in the market across sectors including agriculture, healthcare, industry 4.0, security, transport, energy, utilities and smart cities.
