Table of contents
Uli Baumann
counselor
traffic & business
Cardo sold to investor EMK Capital
Cardo sold to investor
EMK Capital takes over communication specialists
Cardo Systems, known for its wireless communication systems for motorcyclists, is going to British investor EMK Capital for $ 150 million.
Uli Baumann
04/07/2021
Financial details of the takeover have not been officially released, but Israeli financial media are talking about a sale price of around $ 150 million.
Cardo success story
Around $ 45 million will go to company founder Abraham Glezerman, while Israeli investor Fortissimo, who took over 65 percent of the company’s shares for $ 22 million in 2016, accounted for $ 97.5 million of the purchase price. The remaining millions go to current management.
Cardo develops and markets wireless mesh communication systems for motorcyclists, skiers, the construction industry and other target groups. Founded in 2003, the company is headquartered in Israel and has offices in America, Europe and Asia and employs more than 100 people worldwide. Cardo offers its products in 80 markets worldwide. To date, more than 6 million communication devices have been sold.
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