GCRPV invests in four Basque firms
Gestión de Capital Riesgo del País Vasco (GCRPV), the venture arm of the Basque Country government, has invested €4m in four Basque businesses.
The cash injection is aimed at promoting their expansion and consolidation of their respective sectors.
Vitoria-based Sagola, a manufacturer of spray guns and spraying equipment, has received €1m, while GMTK, a developer of machining solutions located in Gipuzkoa, has been given €1.125m.
GCRPV has also provided another Gipuzkoa-based machine tool business, Goialde, with €750,000, as well as pumping €1m into Azcue, which manufactures furniture for homes and offices.
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