ACTERA INVESTMENT IN LITUM, LEADING TECHNOLOGY PLAYER IN RTLS SECTOR
Actera Group, a leading private equity firm, made an investment in Litum, which focuses on Real-time Location Systems (RTLS), Internet of Things (IoT), and Industry 4.0 solutions, serving many Fortune 500 companies around the world. Litum aims to further accelerate its rapid growth to become world’s leading RTLS player.
Litum was founded in 2004 by three entrepreneurs; Alp Ülkü, Özgür Ülkü, and Kamil Sözen. During its journey which spanned over a decade, the company became a prominent player in RTLS, IoT, and Industry 4.0, taking a continuous innovation approach to play a critical role in digital transformation journeys of many Fortune 500 companies.
“ACTERA WILL CONTRIBUTE TO OUR GROWTH WITH ITS EXPERIENCE AND WIDE NETWORK”
Litum co-founder Özgür Ülkü said: “To this date, we invested in our technology and people to grow rapidly and become a leading player in our sector. We surpassed many global standards in quality and created tremendous value for our customers. We are thrilled that Actera decided to invest in Litum as we unlock the next phase of our growth. We believe that Actera will make us stronger with its vast experience and wide network. We aim to continue innovating, while rapidly increasing our market share.”
“WE WILL ACCELERATE OUR GROWTH IN ALL GEOGRAPHIES”
Litum co-founder Alp Ülkü said: “Thanks to our focus in ultrawide-band (UWB) technology, we have become a prominent player in RTLS, IoT, and Industry 4.0 applications. We believe that our growth will further accelerate with Actera’s investment.” Finally, Litum co-founder Kamil Sözen stated, “Today, we are serving logistics, supply chain, manufacturing, health care, oil & gas, and smart buildings industries. Companies which use Litum’s solutions are able to track the location of their employees, assets, and equipment in real-time. This allows them to improve safety and optimize their processes. Following this investment, we aim to expand our span across more geographies and customers.” During the transaction, Ventura Partners and Çalışkan Okkan Toker Law Firm advised Litum, while Roland Berger, Verdi Law Firm, PricewaterhouseCoopers and Code&Co assisted Actera.
Litum is a provider of Industrial IoT, RTLS, passive RFID, and software applications. It focuses on increasing safety and efficiency in the various sites of its customers.
Actera is a leading private equity firm, advising funds with assets exceeding US$3.3 billion. Investors in such funds are leading global institutional investors including pension funds, multilateral institutions and sovereign wealth funds from North America, Europe, the Far East and the Middle East. Portfolio companies of such funds collectively employ over 35,000 people and generate more than US$5 billion in revenues.