SPAIN - Basque country Sgcer backs industrial player

The investment was carried out through the Ezten and Suztapen funds and consists of a EUR 1.5m capital increase and EUR 3m in participatory long term loans.

The company specialises in the design, manufacture and installation of temperature control systems and services.

Sgecr was created in 1985 by the Basque country government through Sociedad para la Promoción Industrial (Spri). It aims to carry out temporary minority acquisitions in local companies. It’s financial sponsors are Spri (70%), BBK (10%), Kutxa (7%), Vital (3%), MCC Inversiones (7%) an Viana (3%).

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• Topics
• Expansion
• Southern Europe
• Industrials