Alto Invest backs TXCOM with €1m

The funding will allow the company to pursue its organic growth strategy, as well as consider further acquisitions. The new investor joins existing shareholders Turenne Capital and Promelys Participations, who invested €2m in the business in 2008.

Founded in 2006, TXCOM is a Paris-based company dedicated to manufacturing, creating and servicing hardware and software applied to the logistics information chain. Its range of products includes barcode readers, PDAs and vehicle-mounted terminals. The company bought AXHIOM in 2009, which now further runs a thermal printing operation.

With a 70-strong workforce, TXCOM is present in 40 countries and posted a €11m turnover for 2009, 40% of which was generated internationally.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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