GERMANY - Wellington and 3i lead EUR 4.5m EnOcean investment
A consortium of investors co-led by Wellington Partners GmbH and 3i Group Plc has invested EUR 4.5m into EnOcean GmbH, a producer of wireless sensors.
EnOcean produces wireless sensors for applications in building and industry. The company is currently achieving annual turnover and sales growth of 100% and has sold some half a million units. It estimates that the market potential for self-powered wireless modules could be as high as several hundred million modules a year. EnOcean was established in 2001, employs more than 40 people and is headquartered in Oberhaching near Munich.
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