MCI Management acquires 58.56% in Polish company Microtech Int.

MCI Management acquired from CMM Sp.z.o.o. 260 shares in Microtech International, representing 58.56% of the share capital of the company for the total value of PLN 4.74 million (€ 1.3 million). Furthermore, MCI Management is entitled to purchase as of March 31, 2008 the remaining 184 shares in Microtech for the agreed total amount of PLN 3.36 million (€ 0.9 million).

Microtech International Sp. z.o.o. (www.microtech.com.pl)
Microtech, established in 1990, conducts business operations in the scope of audio-visual and tele-technical systems, automation in technological processes – mainly heat engineering and gas engineering as well as professional electronics and special applications, including radar technologies.

MCI Management S.A. (www.mci.pl)
MCI Management is a leading financial group managing various venture capital and private equity funds. Funds under management include TechVentures’99, TechVentures’02, MCI.BioVentures, MCI.EuroVentures and MCI.SuperVentures. MCI has been listed on the Warsaw Stock Exchange since February 2001.

MCI focuses upon Central and Eastern Europe and mainly invests in Internet companies, m-commerce, wireless technologies, software, IT, biotechnology/life science and media.