PPM Oost invests in Dutch transmitter technology company

Equity was drawn from Innovatiefonds Oost Nederland with financial support from the European Union and the provinces of Gelderland and Overijssel. PPM Oost had previously provided start-up capital and is planning to provide further investment in the future.

The deal originated as part of PPM's strategy to support businesses in the region. Ferm's high tech product is especially attractive because its versatile applicability. The investors expect the company to show strong growth in the coming years.

Company
Ferm RFID Solutions B.V. is part of the Ferm-groep, a Dutch ICT company since 2008.

Ferm RFID Solutions solely focuses on radio frequency identification technology. The Arnhem-based company worked with its Italian technology supplier to develop its latest product, an RFID-tag that is easier to detect, heat resistant and environmentally friendly. These features make it attractive for industrial use.

Radio frequency identification technology used radio waves for the transmission of data. RFID-tags are used to track and trace items the tags are attached to. They are used in electronic recognition systems, like tolling systems or electronic passport readers.

People
Marius Prins, director, led the deal on behalf of PPM Oost. A board of directors will be assembled in the coming weeks.

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• Topics
• Benelux
• Early-stage
• Industrials
• PPM Oost