GoodIP built the IP strategy for the massive buyout of the IoT pioneer ProGlove

The Munich based startup ProGlove has been acquired by Nordic Capital

Munich, Germany—May 11th, 2022

“Their well-defined patent strategy has clearly paid off, and it definitely sets them at the top. We’re proud to have been part of the company’s success in the international market.” – Said Bastian July, GoodIP Co-founder and CEO. 

ProGlove, a German startup that makes wearable barcode scanners, has partnered with Nordic Capital. The company plans to use this partnership to expand internationally, with a focus on new and unexplored markets. 

ProGlove is a rapidly growing technology leader that was founded in 2014. It has headquarters in Munich, Chicago, and Belgrade, and serves numerous customers in retail and e-commerce, logistics and warehousing, manufacturing and automotive across more than 30 countries. The technology has been adopted by a number of major companies, including DHL, Mercedes Benz, Volkswagen, and BMW.

Nordic Capital is a private equity firm that focuses on investments in the Nordics and Baltics. The firm has a long history of investing in technology companies and has been an active investor in the wearables space. Nordic Capital has also invested in companies such as Board international, an all-in-one decision-making platform, and Advanz Pharma a pharmaceutical company.

While ProGlove’s success can be attributed to its outstanding sales and marketing plans, the fact that it has a diversified patent portfolio and a strong focus on a well-defined intellectual property strategy has definitely put it ahead of the pack.

“ProGlove has focused on protecting key elements of their current and future USP- which definitely is unique in the whole industrial IoT market. Their outstanding IP protection gives ProGlove a strong position in this fast-growing market.” -Sebastian Hugl, GoodIP Founder & COO.  

“IP can be a very valuable asset in demonstrating leadership in a fast-growing market. That’s why at GoodIP, we’re best placed to help startups from the start to build IP protection that makes a difference in the end.” -Remarked Bastian July, GoodIP Co-founder and CEO.

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