Saturday, April 13, 2024
HomeNEWSCardo Systems purchased by EMK Capital.

Cardo Systems purchased by EMK Capital.

Cardo Systems, the industry wireless communication specialists, has been acquired by EMK Capital from Fortissimo Capital and Dr. Abraham Glezerman, the company’s founder, and chairman.

EMK Capital describes itself as “a private equity firm with a proven strategy of investing in mid-market businesses”.

“The sale of Cardo to EMK signifies a significant milestone in the Company’s record of achievements”, said CEO Alon Lumbroso, “Over the past few years, Cardo has evolved into a successful, high-growth, profitable company serving the wider wireless communications market for groups and individuals in motion. Today Cardo is the clear technology leader in its field, with a global presence.”

“EMK is delighted to have acquired Cardo”, said EMK Capital, “We have been deeply impressed by the track record of innovation at Cardo, and the continuous investment in research and development to produce world-beating products.  We are looking forward to working closely with the Cardo team to help take the business to new heights. EMK’s vision is to support top-class management teams to achieve transformational growth and build world-class companies which are leaders in their markets. “

Financial details of the transaction were not disclosed.

 

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