Aspirity Partners makes Nordic debut with €100 million+ investment in Onomondo
British private equity firm Aspirity Partners has signed a definitive agreement to acquire a majority stake in Onomondo, the Danish IoT infrastructure & connectivity company, leading a combined investment north of €100 million. EIFO, Denmark’s sovereign investment fund and an Onomondo backer since 2021, will increase its investment alongside Aspirity. Henrik Aagaard, CTO and co-founder […] The…
British private equity firm Aspirity Partners has made a significant investment of over €100 million in Danish IoT infrastructure company Onomondo, marking its first venture in the Nordic region. Danish sovereign investment fund EIFO, a long-time backer of Onomondo, will also contribute to the investment. Onomondo's technology stack simplifies network infrastructure for companies operating with large amounts of data, enabling real-world data collection, processing, and action.
The company's hybrid network capability allows for seamless connectivity across devices, networks, and the cloud, making it particularly valuable for industries such as shipping, manufacturing, and remote operations. Aspirity Partners' CEO Joseph O'Mara highlighted the firm's pride in partnering with Onomondo, emphasizing the firm's deep domain knowledge and the potential for further growth in the European connectivity market.
Onomondo's CTO and co-founder, Henrik Aagaard, expressed gratitude for the investment and confidence in the company's unique solution for the growing demand for connectivity in various industries.
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