Matooma will join the UK-based European IoT connectivity leader and will strengthen its presence in continental Europe.
Founded 7 years ago and profitable for the past 3 years, Matooma is growing rapidly with 2,500 clients to-date and forecasts a revenue of €15m in 2019.
The transaction highlights Clipperton’s expertise in cross-border M&A transactions after a series of completed deals within last 12 months – e.g. NetRange (DE) sold to Access Co. (JP), Vide Dressing (FR) sold to Adevinta (NO), Musement (IT) sold to TUI (DE), etc.
