Iqua sold to Savox Group
Established in 2004, Finnish-based Iqua Ltd was established in cooperation with a small group of individual founders and venture capital firms Viking Venture (Norway), Eqvitec (Finland) and Finnish Industry Investment.
“It has been a great pleasure to work with a wonderful group of experienced owners that have all substantially contributed to the growth of Iqua. This cooperative effort made it possible to both establish ourselves in very competitive market and reach a leading position in selected segments,” says Juha Reima, CEO and founder of Iqua Ltd.
Today, the Savox group and the owners of Iqua signed a Share Purchase Agreement, solidifying Iqua as one of the four companies in the Savox Group. Established in 1982, Finnish-based Savox Oy is one of the leading providers of audio and data solutions for demanding professional users.
Innovative designs and cutting-edge “green” technology have helped Iqua establish itself as a key player in the Bluetooth accessories market. In addition to launching the world’s first solar-powered headset, Iqua has also been awarded a number of prizes and recognitions, including the 2008 CES Innovations Award. The groundbreaking combination of science and style later led the Iqua Sun to be selected as an “Innovations and 2008 Design and Engineering Award” honoree in the Wireless Headsets Accessories product category. Today, Iqua products are available in more than 25 countries, including Apple stores in selected markets and in the points of sales of leading operators and retailers.
“Joining the Savox Group will help give Iqua the opportunity to continue its course in providing our customers and partners with the very best in technological innovations. Furthermore, the Savox Group has developed world-class technology for audio and data applications that are already being used in the most demanding environments by rescue teams, police and military forces,” Reima states.
“I am personally very excited that Iqua now has opportunity to integrate its new technologies into this segment – innovations that have previously only been available in professional markets. We are going to become a more interesting player than ever before,” concludes Reima.
For further information, contact Iqua Ltd, CEO Juha Reima, tel. +358 20 741 9850 or Viking Venture, Partner Jostein Vik +47 922 22 392.
About Iqua Ltd.
Iqua Ltd enhances personal communications with its innovative wireless mobile accessories. Iqua develops exclusively designed headsets and hands-free devices for the mobile communications market. Iqua combines state-of-the-art enabling technology and modern Finnish design; user comfort, style and ease of use are key factors in its product development. For more information www.iqua.com.
About SAVOX Communications:
SAVOX Communications is a privately held company in the business of professional ancillary devices for two-way communications, having headquarters in Espoo, Finland. SAVOX Communications is a leading provider of advanced communications solutions for safety apparel and equipment used in hazardous jobs. Our products are used by military, police, fire, rescue, and industrial professionals.
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