PE-backed Nomad Digital buys Inova Multimedia

No fresh capital was provided to fund the acquisition of Inova.

In July 2008, SEB Venture Capital and North Star Ventures led a second round of funding of £6m for Nomad Digital. T-Mobile Ventures and Amadeus Capital Partners, which both injected £8m into the firm in 2006, also invested in the transaction.

In 2007, the company bolted on QinetiQ Rail as part of its growth strategy.

Company
Inova offers connectivity solutions to public transport operators, vehicle manufacturers and content providers through the provision of integrated information, entertainment and CCTV.

Founded in 1997 and based in Hildesheim, the firm has installations in Austria, Belgium, France, Germany, Greece, Malaysia and Switzerland.

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