Quilvest Capital Partners has announced today it has acquired a majority stake in Solem, alongside the company's CEO Frédéric Comte who reinvested massively in the transaction. Bpifrance took a minority stake alongside Quilvest.

Founded in 1984 and managed by Frédéric Comte since 2016, Solem is a state-of-the art designer and assembler of connected devices focused on telecare, irrigation and pool. Since the arrival of Frédéric Comte, Solem has been successfully transformed from a contract manufacturer of electronic devices into a leading IoT player with internationally renowned brands.  

Quilvest (Thomas Vatier and Hichem Hadjoudj) will support Solem in its ambitious development strategy, organically and through acquisitions.