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Malaysian investment fund Khazanah Nasional invests in Sigfox

Khazanah Nasional Berhad, the investment fund of the Government of Malaysia, has acquired a minority stake in Sigfox, a provider of connectivity for the Internet of Things (IoT).

 
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.
 
“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,” says Ludovic Le Moan, CEO of Sigfox.
 
Lazard acted as sole financial adviser to Sigfox, with Skadden acting as legal adviser.

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