Ventura Partners acted as the exclusive advisor in Actera Group, a leading private equity firm advising funds with assets exceeding US$3.3 billion, making 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.”
Kerim Kotan from Ventura who spearheaded the deal said: “We are proud to have had exclusively advised Litum founders in this landmark transaction, where we are witnessing a global technology leader emerging in the RTLS, IoT and Industry 4.0 space from Turkey. Partnering with the largest private equity fund from this part of the world, a new chapter has just commenced for Litum. It is now ready to conquer the world.”