In this Research Note, we examine iLOQ, the Finnish digital access management business, based on 2022 financial results, Annual reports and recent press releases. This is an update on our previous article, Exploring iLOQ Financials & the Mechatronic Lock Market. iLOQ is a growing Finnish innovator in the mechatronic locking sector. Based on patented energy-harvesting technology, the company has developed self-powered digital locking and NFC-enabled mobile access management solutions which offer electronic locking without batteries or cables. It’s smart locks and keyless solutions provide benefits for building owners, property managers and end users alike by maximizing security, minimizing maintenance, administration and lifecycle costs, and creating smart living and working environments. In 2019, Nordic Capital, a private equity firm, invested in a majority stake in iLOQ, which had posted €50 million in revenues in 2018. The vision was to accelerate the Company’s growth and to expand into new markets and customer segments, unlocking the value of its innovations. […]