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Malaysian Strategic Investment Fund Invests In Sigfox

Malaysian Strategic Investment Fund Invests In Sigfox

Sigfox today announced that Khazanah Nasional Berhad (Khazanah), the strategic investment fund of the Government of Malaysia, has acquired a minority stake in the company.

Khazanah joins Alto Invest, Salesforce Ventures, Henri Seydoux, Swen CP, Tamer Group and Total as new investor in Sigfox.

Over the past few years, Sigfox has deployed its presence in South-East Asia by opening up its regional headquarters in Singapore and securing contracts with local channel partners in Taiwan, Hong-Kong, Singapore and Japan, where the network is already present.

Ludovic Le Moan CEO of Sigfox, said:

“We are proud to welcome Khazanah as an investor. The investment will help Sigfox to further enhance deployment in Asia, while creating new opportunities for the company.”

Lazard acted as sole financial advisor to Sigfox, with Skadden acting as legal advisor.

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