Austria’s EK Mittelstandsfinanzierungs AG (EK Fin) has acquired a 15% stake in Transfer Industries Ltd., a holding company which owns the majority share of Global Hydro Energy GmbH. EK Fin cited the booming renewable energy market in Europe, as well as Global Hydro’s recent growth, as reasons to add the company to its portfolio.
Global Hydro’s other two investors; EOS Invest AG and FIAG, each retain shares of 42.5% in Transfer Industries. Both firms welcomed EK Fin’s participation as a long-term investment which will further strengthen Global Hydro, especially in the area of new technologies.
Global Hydro Energy/Transfer Industries Ltd. (www.hydro-energy.com)
As a holding of Austria’s Transfer Industries Ltd., Global Hydro Energy is involved globally in the hydropower industry, producing both turbines and complete power production plants. The company began with a single turbine on the Danube River in the early 1900s and has since grown to become a global leader in state-of-the-art hydropower technology. Global Hydro power plants are well known in the industry for reliability, efficiency, and long life. Global Hydro Energy is based in Niederranna, Austria.
EK Mittelstandsfinanzierungs AG (www.ekfin.at)
EK Fin is an Austrian private equity fund with € 50 million assets under management. The main shareholder is Bank Austria. EK Fin finances expansions, acquisitions, management buyouts and buy-in. Generally, EK Fin invests between € 1.5 million and € 7.0 million and acquires minorities in the range of 10 to 49 per cent.
06/03/2010
Austria, Central & Eastern Europe, Environment & Cleantech, Investment, Private Equity News