Cumulocity Acquired by Management Team with Avedon Capital Backing
Deal News | Feb 04, 2025 | Avendon Capital
Cumulocity, a leading player in the German Industrial Internet of Things (IIoT) sector, has been successfully acquired by its management team. This acquisition has been facilitated with financial backing from a consortium led by Avedon Capital Partners, including Schroders Capital and Verso. The strategic move ensures that Cumulocity continues to innovate in the IIoT space under the stable leadership of its existing team. This transaction underscores Avedon Capital's commitment to foster growth in technology-driven companies and marks a significant development in the IIoT industry.
Sectors
- Industrial Internet of Things (IIoT)
- Private Equity
Geography
- Germany – Cumulocity, the target company, is based in Germany, and the acquisition took place in the German market.
Industry
- Industrial Internet of Things (IIoT) – Cumulocity is a pioneer in the IIoT sector, focusing on innovative solutions for industrial applications.
- Private Equity – The acquisition of Cumulocity was backed by a consortium led by Avedon Capital Partners, a private equity firm.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cumulocity | Target Company | Company | Cumulocity is a German company specializing in Industrial IoT solutions. |
| Avedon Capital Partners | Lead Investor | Company | Avedon Capital Partners is a private equity firm leading the consortium backing the acquisition. |
| Schroders Capital | Investor | Company | Part of the investor consortium supporting the management buyout of Cumulocity. |
| Verso | Investor | Company | An investor participating in the consortium for the acquisition of Cumulocity. |