Zetes Group

It has been announced that Zetes Industries SA has issued a Euro 14m subordinated bond for a period of five years to a syndicate of investors. Zetes placed Euro 7.3m with its existing shareholders Cobepa and Sapec, and another Euro 6.7m with new investors KBC Investco, E-Capital and Artesia Banking Corporation. The bond, with accompanying warrants, represents a considerable reinforcement of the company’s permanent capital. In time, the exercise of the warrants will allow for the substitution of the quasi-capital by capital through the creation of new shares.

Company

Based in Brussels, Zetes is active in the design, development and implementation of integrated Automatic Identification & Data Capture solutions, wireless networking (WLAN and WWAN), and mobile computing. The company’s applications, which are mainly based on bar code and smart card technology, provide identification solutions which optimise the supply chain while integrating e-commerce technologies. Zetes has subsidiaries in Belgium, France, Germany, Ireland, Portugal, the Netherlands and the UK.

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• Benelux