Cardo Systems, Inc.
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Cardo Systems, Inc. - overview
Established
2003
Location
Plano, TX, US
Primary Industry
Consumer Products
About
Based in Texas, US, and founded in 2003, Cardo Systems, specializes in developing, designing, and selling wireless communication and entertainment systems for groups and individuals on the move. Alon Lumbroso is the CEO of the company. In April 2021, EMK Capital fully acquired the company from Fortissimo Capital, Cardo’s founder Abraham Glezerman, and executives of the company for USD 150 million. The company is a motorcycle Bluetooth communications headset developer and their product categories include Packtalk (black, bold, and slim), Freecom (4+, 2+ and 1+), and 45mm audio sets.
The company’s Dynamic Mesh Communication (DMC) feature allows motorcycle riders to stay connected within long ranges. The company’s cardo connect app allows to remote control the cardo unit with the user’s smartphone. The audio system of the company’s products is manufactured by JBL. The company generates revenue by charging its product line.
The Packtalk category’s rate ranges from €267. 68 each for the bold and slim edition to €307. 05 for the black special edition. The Freecom category’s rates are €196.
81 for the 4+, €133. 82 for the 2+, and €110. 20 for the 1+. The rates are fixed according to the features offered by the product.
Cardo Systems intends to expand the wireless communications industry, the company looks to provide high-quality products for communities and varying Powersports applications that rely on helmet-to-helmet communication.
Current Investors
EMK Capital
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Automobiles, Other Vehicles & Parts
Website
www.cardosystems.com
Verticals
E-commerce, Manufacturing, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Cardo Systems, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Cardo Systems, Inc. | - | ||||||||
| Buyout | Completed | Cardo Systems, Inc. | - |
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Cardo Systems, Inc. - employee data
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