Loriot completes series A investment funding with Wika Group
Loriot, an loT company enabling long-range networks worldwide, has signed a series A investment funding with Wika Group. This investment will accelerate the growth of the company as LoRaWAN network server provider and its expansion into further markets segments.
With its headquarters in Switzerland and offices in Valencia and Budapest, Loriot was established in 2015 and was one of the first movers in the LoRaWAN market. The company also provides carrier-grade Private Network Servers for governments, telecoms operators, blue-chip organisations and small to medium-sized enterprises.
The German company Wika Group focus its activity in the pressure and temperature measuring equipment manufactoring market and in the gas and oil industry.
Alongside strategic purposes and expansion strategies, the two companies share a sense of responsibility towards the environment and society that further strengthens their partnership.
Walder Wyss advised Loriot on all legal aspects of the series A investment round. The team was led by Florian Gunz Niedermann (partner, corporate/m&a, pictured) specialised in international and domestic m&a transactions and further included Christoph Zaugg (senior associate, corporate/m&a), Jenny von Arx (trainee, corporate/m&a) and Fabienne Limacher (partner, tax).
