Rackit adds strategic investment from NorDan.

Norway Investments 14 November 2019
Share on FacebookShare on Twitter

Rackit, a Stavanger, Norway-based manufacturer of smart-home infrastructure, announced in a press release that it added strategic investment from the Norwegian door and window manufacturer NorDan.

The deal was made for an equity stake of 20%.

Rackit, founded in 2017 and led by Petter Falch Pedersen , CEO, develops and supplies products and services to smart homes. The company has proprietary patented product called MediaRack, which collects all technical equipment in one place and acting as center and platform for the complete ICT/IoT and smart-home infrastructure.