Keonn Technologies Acquired by Novanta
Deal News | May 13, 2025 | Finance Community ES 2 - Corporate M&A
AZ Capital, a prominent financial advisory firm, announced it has served as the exclusive financial advisor for the sale of Keonn Technologies to Novanta, a US-listed global leader in proprietary technological solutions for medical, life sciences, bioprocessing, and industrial sectors. Founded in 2008 and headquartered in Barcelona, Keonn Technologies is a leader in innovation and development of RFID-based solutions for the retail sector, providing a comprehensive, integrated market portfolio to enhance in-store operations and customer experience through a unified commerce model based on data capture and analysis. The sale underscores AZ Capital's leadership in advising technology sector companies and marks a significant step in Keonn's growth as its founders and management team will continue to lead the company under Novanta's structure. The transaction is expected to transform retail digitalization globally.
Sectors
- Technology
- Retail
- Financial Advisory
Geography
- Spain – Keonn Technologies is based in Barcelona, Spain.
- United States – Novanta, the acquiring company, is a US-listed entity.
Industry
- Technology – The article focuses on Keonn Technologies, a leader in RFID solutions for the retail sector, acquired by a tech-focused company, Novanta.
- Retail – Keonn Technologies provides RFID-based solutions aimed at enhancing retail operations and customer experiences.
- Financial Advisory – AZ Capital acts as the financial advisor for the transaction, a key participant in corporate finance and M&A.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Keonn Technologies | Target Company | Company | A Barcelona-based company specializing in RFID solutions for the retail sector. |
| Novanta | Bidding Company | Company | A US-listed global leader in proprietary technology solutions across medical and industrial sectors. |
| AZ Capital | Advisor | Company | Acted as the exclusive financial advisor for Keonn Technologies in the transaction. |
| Vctor Mata | Partner at AZ Capital | Person | Involved in the transaction, reinforcing AZ Capital's advisory leadership. |