Invercaria boosts Gptech with €4m

The investor injected the funding via the Jeremie Capital Riesgo fund, which has a target of €75m. Half of the capital was equity, while the rest took the form of a 'participative loan' – a low-cost loan commonly used in Spain to support SMEs.

This cash injection will go towards R&D and extending Gptech's product range. It will also help to drive the company's international expansion and consolidate its positioning within the Spanish market.

Company
Gptech was established in 2002 at the University of Seville. Its electronic products have various applications in the fields of solar and wind energy and transport.

The company employs more than 90 people and registered a turnover of €26.9m in 2008. Its main clients include Endesa, Acciona, Gamesa, Abengoa and Enel GreenPower.

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• Topics
• Southern Europe
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• Expansion
• Spain