In this Research Note, we examine the Finnish digital locking company iLOQ. This article is based on the financial statements and the 2023 Annual Report of Capnor Weasel Bidco Oyj, iLOQ’s parent company, and coverage of their activities in the last year. 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 that offer electronic locking without batteries or cables.  Its smart locks and keyless solutions provide benefits for building owners, property managers, and end users 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 and more than 320 employees. 2023 iLOQ Financial Highlights iLOQ achieved a 6% increase in 2023 revenue with EUR 141.3 million reported versus EUR 133.0 […]