iLOQ

What iLOQ does

iLOQ is a Finnish smart-access technology company that designs and manufactures battery-free digital locking systems for residential, commercial, and critical infrastructure environments. Its core technology harvests kinetic energy from key insertion to power NFC-based digital lock cylinders, eliminating the need for batteries, cables, or external power sources. The product portfolio includes the S5 and S10 key-based cylinder families, the S50 mobile-based platform that uses NFC smartphones as both credential and power source, S50 ATEX explosion-protected variants for hazardous environments, a smart padlock range, and the next-generation iLOQ 5 Series+ mobile-first platform launched in 2025. The iLOQ Manager+ cloud platform provides centralized access control, remote key sharing, user management, and audit logging across distributed lock deployments, with open APIs enabling integration with third-party security stacks.

iLOQ monetizes through a hybrid revenue model combining hardware sales of cylinders, keys, and padlocks with recurring software subscriptions on the iLOQ Manager+ cloud platform. Pricing is quote-based and not publicly disclosed, with multi-year contracts used for enterprise and large-scale deployments. The company distributes primarily through an authorized partner network of more than 1,600 security installers, locksmiths, and access control specialists across 55+ countries, supplemented by direct enterprise field sales for complex deployments and 16 regional sales offices across Europe, North America, Asia-Pacific, and the Middle East. Customer segments are organized vertically into residential properties, critical infrastructure (telecom towers, utilities, water, research), and commercial and public properties.

The company is headquartered in Oulu, Finland (with a sales office in Stockholm, Sweden) and operates 15+ wholly-owned subsidiaries globally. Named customers include CERN, the Empire State Building, FC Volendam, Borussia Mönchengladbach, Mount Pleasant Waterworks, Peterborough Regional Health Centre, and various housing and student residence providers. In FY 2025, iLOQ generated EUR 150.0 million in revenue, a 17% increase over EUR 128.7 million in FY 2024, with a 23.5% adjusted EBIT margin. The company is privately held by Capnor Weasel Bidco Oyj, a Finnish holding company, with prior investment activity involving Nordic Capital and KH Group.

Name

iLOQ

Legal name

iLOQ Oy

Website

https://iloq.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

iLOQ is a Finnish smart-access technology company that designs battery-free, NFC-based digital locking cylinders and cloud-managed access platforms for residential, commercial, and critical infrastructure customers in 55+ countries, distributed through a 1,600+ partner network.

Ownership category

akta.pro rank

Product category

Smart Locking / Electronic Access Control

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Auto Controls For Regulating Residential & Comml Environments (3822)

akta.pro primary industry

Smart Lock Software Platforms & Mobile Apps (Access Control SaaS) (HSAHAEAG)

Keywords

• Battery-free smart locks
• Digital access management
• Electronic lock cylinders
• Mobile access solutions
• Cloud-based access control

Headquarters

HQ city

Nacka

HQ country

Sweden

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Smart Lock Hardware Sales: Sale of digital locking cylinders, smart keys, and associated hardware components. Hardware includes NFC-enabled cylinders that replace mechanical locks and programmable keys with digital access credentials.
2. Cloud Management Software: Subscription-based access management platform providing centralized control, audit logging, and system administration capabilities for deployed lock networks.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels9 records

Core offering

iLOQ designs, manufactures, and sells battery-free digital smart locking products and a cloud-based access management platform. Key-based cylinders harvest kinetic energy from key insertion while mobile products draw power from the smartphone's NFC field, eliminating the need for batteries, cabling, or external power. The offering spans electronic cylinders, programmable keys, phone keys, ATEX-certified hazardous-environment locks, smart padlocks, and the iLOQ Manager+ cloud software.

Product overview

iLOQ offers a comprehensive smart locking ecosystem built around battery-free, cable-free digital access management. The product portfolio centers on the Smart Access Platform with cloud-based iLOQ Manager+ software, supported by three core hardware lines: the S5 (key-based), S50 (mobile-based with NFC smartphone access), and S10 (entry-level key-based) product families. Specialized offerings include S50 ATEX products for hazardous environments and smart padlocks for critical infrastructure. The iLOQ 5 Series+ represents the company's mobile-first next-generation platform launched in 2025. All products operate without batteries—key-based systems harvest kinetic energy from key insertion while mobile products use NFC field power—eliminating wiring requirements and reducing maintenance. The system supports multiple credential types including digital keys, phone keys, key fobs, and RFID within a unified management platform.

Differentiator

Problem solved

Functional benefit

Brands

• iLOQ S5: Key-based smart locking products
• iLOQ S50
• iLOQ S50 ATEX
• iLOQ S10
• iLOQ 5 Series+
• iLOQ Manager+

Products and services

• iLOQ Smart Access Platform A modular access management system providing total control over iLOQ's battery-free smart locking ecosystem, enabling centralized management of digital keys, locks, and access permissions across residential, commercial, and critical infrastructure environments.
• iLOQ Manager+ Cloud-based access management software enabling real-time control, remote key sharing, and centralized oversight of iLOQ smart locks from an intuitive dashboard.
• iLOQ S5 Key-Based Products
• iLOQ S50 Mobile-Based Products Smart locking products that use NFC-enabled smartphones as both access credential and power source. Users unlock doors using their phone, with energy harvested from the NFC field.
• iLOQ S50 ATEX Products Explosion-proof smart locking products designed for hazardous environments in critical infrastructure, certified for use in potentially explosive atmospheres.
• iLOQ S10 Key-Based Products Entry-level battery-free smart locking products using programmable digital keys, providing modular access without batteries or cabling.
• iLOQ 5 Series+ Mobile-first smart-access platform launched in 2025, combining battery-free smart locking with cloud-based management and smartphone-based access credentials for residential buildings.
• iLOQ Smart Padlocks Battery-free smart padlocks designed for critical infrastructure, enabling remote monitoring of lock status and centralized oversight across geographically dispersed sites. Available in grades 3, 4, 5, and 1.
• iLOQ Smart Cylinders Battery-free electronic cylinders that replace traditional mechanical locks, supporting both key-based and smartphone-based access with digital access rights management.
• iLOQ Smart Keys Programmable digital keys for iLOQ's key-based smart locking systems. The kinetic energy from key insertion powers the lock, with each key holding a unique digital identity.
• iLOQ Phone Keys Smartphone-based access credentials that turn NFC-enabled phones into digital keys, using the phone's NFC field as both credential and power source for the lock.

Quantifiable outcome

• Eliminates battery replacement maintenance for digital locks
• +2 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Gallagher SecuritycoreTechnology or IntegrationTechnology integration partnership connecting iLOQ battery-free smart locking with Gallagher's Command Centre security management platform. Enables unified access control and monitoring for customers using both systems.
• NedapcoreTechnology or IntegrationStrategic technology partnership for integration of iLOQ digital locking with Nedap's access management and security solutions, enabling joint customers to deploy battery-free smart access.
• SVIP Experience CenterminorGTM or Marketing PartneriLOQ products showcased at the SVIP Experience Center facility for demonstration purposes, allowing potential customers to experience the technology firsthand.
• AmazonminorGTM or Marketing PartnerPartnership for access management solutions distribution and marketing initiatives.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ASSA ABLOY: Global leader in access solutions with ~€10B+ revenue spanning mechanical locks, electronic access control, and identification (HID Global). Owns the Aperio wireless lock platform that overlaps directly with iLOQ's battery-free smart locking. Compares because it serves the same customers (commercial real estate, critical infrastructure, residential) but at vastly larger scale and with a broader portfolio.
• Allegion: US-listed security products company ($3B+ revenue) producing locks, exit devices, and electronic access control under brands like Schlage, Von Duprin, and LCN. Most directly comparable on the enterprise electronic access control side, though Allegion's portfolio is far broader and North America-skewed.
• dormakaba: Swiss-listed global security and access solutions provider (CHF 2B+ revenue) with electronic access control, entrance systems, and key systems. Comparable because it directly competes in enterprise access control and digital locking, including retrofit cylinder solutions, while operating at much larger scale across more geographies.
• ABUS: German family-owned security hardware manufacturer producing locks, padlocks, and increasingly electronic access solutions. Comparable because it serves the same residential, commercial, and infrastructure customer base through security installers and locksmiths, though ABUS remains predominantly mechanical with limited digital capability.

Direct peers

• Salto Systems: Spanish-based provider of electronic access control solutions including battery-powered smart locks, online and mobile credentials (SALTO KS), and keyless solutions. The closest direct competitor to iLOQ in digital smart locking for commercial and residential segments, though Salto uses battery-powered rather than battery-free technology.
• SimonsVoss Technologies: German-based digital locking specialist (subsidiary of Allegion) producing battery-powered electronic cylinders, smart handles, and access control software. Strong DACH region presence and direct overlap with iLOQ's target markets (commercial real estate, public sector, healthcare), making it one of the closest niche competitors.
• Mul-T-Lock: Israeli high-security lock manufacturer (owned by ASSA ABLOY) producing mechanical and electronic cylinders, smart locks, and access management for residential and commercial markets. Overlaps with iLOQ's product portfolio and customer segments, particularly in the EMEA region.

Emerging players

• Nuki Home Solutions: Austrian smart lock startup offering retrofit smart locks controlled via smartphone and smart home platforms, primarily targeting residential and small business customers. Compares because it focuses on the same digital access management opportunity but with a consumer/SMB skew and battery-powered rather than battery-free technology.

Others

• Nedap: Dutch technology company with the AEOS access control platform that iLOQ is integrated with. Comparable because it operates in enterprise physical access control as a platform player, and its customer base represents a strategic channel partner for iLOQ. Also a competitor in the broader security management software layer.
• Gallagher Security: New Zealand-headquartered security solutions provider offering the Command Centre integrated security management platform. Directly comparable as a strategic integration partner for iLOQ and a competitor in the broader enterprise security management market, particularly in critical infrastructure verticals where both companies are active.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/iLOQ_official
• YouTubeyoutube.com/c/iLOQ_Official
• Facebookfacebook.com/iLOQCompany
• LinkedInlinkedin.com/company/iloq
• Instagraminstagram.com/iloq_official
• TikToktiktok.com/@iloqofficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries14 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iLOQ