Wireless Logic has welcomed General Atlantic as a new minority shareholder, through investment from the firm’s BeyondNetZero climate growth equity fund, in a move that further strengthens its position by driving global geographic expansion, diversifying market channels, and enhancing its platform offering.
The IoT connectivity company’s existing shareholder, Montagu, a mid-market private equity firm, will remain the majority shareholder, reinvesting alongside General Atlantic.
The transaction, which values Wireless Logic at £3.5 billion, is expected to close in the third quarter of 2025.
Wireless Logic, the parent company of Jola since 2022, is net zero aligned through its commitment to SBTi, and plays a key role in enabling a range of IoT connected energy transition and climate applications, including smart grids, micro-mobility, industrial optimisation, and precision agriculture.
With continued backing from Montagu and the additional support of General Atlantic, Wireless Logic is in a stronger position to continue its high growth trajectory.
Partnering with General Atlantic will bring complementary global scale and network, as well as technological and operational capabilities, including the experience from General Atlantic’s Vice Chairman of EMEA, Vittorio Colao.
Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic’s EMEA business (pictured) said: “We are pleased to support the next stage of Wireless Logic’s journey in partnership with Montagu. Wireless Logic has positioned itself as a key enabler of the energy and climate transition, providing data transparency, operational efficiency, and cost reductions across industries to accelerate energy efficiency for the future.”