MWR – Exited

Cyber security for the smart grid


A leading cyber security firm helping utilities and infrastructure providers secure their connected energy generation sites, smart meters, demand response systems and home automation solutions.


In July 2018, F-Secure completed its acquisition of MWR for GBP 105 million (EUR 120.2 million). ETF was the only institutional investor in the company.


Ian Shaw

MD, MWR Infosecurity

"We chose ETF because we wanted to work with a team who shared our values, which are based on integrity and trust.  In our industry, it is very important to build great long-term partnerships, and the whole ETF team have been great supporters of ours."