GCRPV invests €1m in Sagola

Gestión de Capital Riesgo del País Vasco (GCRPV), the venture arm of the Basque Country government, has invested €1m in Basque business Sagola.

The cash injection is aimed at promoting the company's expansion and consolidation.

Company
Based in Vitoria, Sagola manufactures paint spray guns and spraying equipment. It was founded in 1955 and employs 80 people.

People
Jorge Aranzabe is the finance director of GCRPV.

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