The company

Dukosi is a highly innovative semiconductor company that has been designing chips for wireless, power management and battery management applications since 2003. The company's battery sensing technology targets next generation lithium ion battery management systems for future hybrid electric vehicles, and sets new standards in performance, accuracy, and functionality, enabling automotive manufacturers to make lighter, more fuel-efficient cars with lower CO2 emissions, and more reliable battery packs.

The opportunity

Par Equity was attracted to Dukosi due to its novel solution to a global problem in the rapidly growing hybrid vehicle battery management system market. The move by the automotive industry away from nickel metal hydride batteries to lithium ion batteries has placed much greater demands on the accuracy of battery monitoring sensors and Dukosi's technology is well-placed to meet these demands.

The exit

Dukosi was acquired in the autumn of 2019 by KCK Partners, an investment group. KCK take a long-term view to build companies with differentiated solutions. With their investment Dukosi will continue to build its activities at its base in Edinburgh and subsequently through global expansion. The sale was for an undisclosed figure, with the Par Equity investors making many multiples of their total investment. 

What they said

Dukosi Chief Executive Nat Edington said. “The team and I are delighted to announce this exciting development for the Company, as we move to bring our ground-breaking technologies to market. KCK shares our vision and ambitious plans for the business, and I very much look forward to working with them to ensure Dukosi technology is at the forefront of the next generation of batteries.”