Latour Industries
Sweden - Latour Industries AB has signed an agreement to acquire 24.7% of the shares in LumenRadio AB through a directed share issue and acquisition of existing shares. Other large shareholders in the company are Chalmers Innovation Seed Fund and Almi Invest.

LumenRadio develops, manufactures and sells equipment for wireless radio communication. The products are based on multiple patents, where the basic idea is to enable reliable communication without interference in a world where the available frequency space becomes more and more limited.

LumenRadio's technology is based on "Cognitive Coexistence" where the units scan the frequency spectrum continuously to locate and use free channels. The company has 10 employees and annual revenue of SEK 20 million in 2015.

"I am very pleased that Latour Industries will become a partner in LumenRadio. Latour's long-term investment perspective is very important for the future development of the group and we see many exciting possibilities for collaboration with the other companies in Latour's portfolio", says Alexander

Hellstr


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