Founded in 2014, Proglove employs more than 250 people in Munich, Chicago, and Belgrade. Munich offer integrated hardware and software solutions based on wearable barcode scanners with multiple IoT sensors. These enable hands-free data capture. The gloves are already used in more than 30 countries in retail and e-commerce, logistics and warehousing, as well as manufacturing and automotive. Customers include Mercedes-Benz, VW, BMW, DHL, XPO Logistics, GAP, and Staples.
With the capital from its new majority shareholder Nordic Capital, Proglove aims to grow even faster, expand its customer base, and invest in product and software development. Bayern Kapital, Summit Partners, and DI Technology are selling their shares in PursueThe founders and management of Proglove will remain involved. The financial details of the financing are not disclosed.
Andreas König, CEO of Proglove, says:
"The opportunity to work with Nordic Capital is crucial to further driving our growth trajectory. Nordic Capital's extensive expertise in Industrial IoT and SaaS will enable us to fully realize our potential. We are very excited to continue developing our company, both in terms of growth and innovation."
“Proglove is a technology leader”
Andreas Näsvik, Partner at Nordic Capital says:
"The Proglove team has built an outstanding company with a strong track record and dynamic growth. Proglove is a technology leader with clear competitive differentiation and a unique value proposition to its customers, enabling harmonious interaction between humans and machines. Nordic Capital looks forward to writing the next chapter in the company's history together with the company's experienced management team."
