In this Research Note, we examine the Finnish digital locking innovator iLOQ.This article is based on the financial statements and the 2024 Annual Report of Capnor Weasel Bidco Oyj, iLOQ’s parent company, published 14th April 2025. We highlight the group’s growth strategy, 2025 outlook, and the recent announcement of headcount reductions. iLOQ Profile Founded in 2003, iLOQ is a Finnish specialist 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. Its smart locks and keyless solutions provide benefits for building owners, property managers, and end users alike by maximizing security and minimizing maintenance, administration, and lifecycle costs. They support technologies from various hardware manufacturers and offers cloud integration. The company operates in more than 55 countries with over 1,800 partner locations globally, 16 subsidiaries, and more than 330 employees. 2024 Financial Highlights iLOQ’s revenue in 2024 reached […]
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