Transactions in July benefit Guipúzcoa-based GMTK, Goialde and Azcue, and Álava-based Sagola, which together have 243 employees.
This year, the firm affiliated to the Department of Industry has invested a total amount of €14.6 million in 13 companies headquartered in the Basque Country.
The Basque venture capital management company Gestión de Capital Riesgo del País Vasco SGECR, S.A. has invested 300,000 euros in the Bilbao-based company Todoentradas, S.L. belonging to the Evandti Group. This Group’s business involves providing electronic and internet-based solutions for the box-office ticketing industry.
One Way Liver Genomics is a biotechnology company centered in the area of human health, with pioneering applications in the early diagnosis of liver disease.
As part of the same plan, the company has received a further 3 million euros in guarantees from the Basque Government.
Papelera de Amaroz has specialised in paper manufacturing since the late nineteenth century.
The company has embarked on an ambitious project for extending its production capacity, which will rise from 40,000 to 80,000 tons a year.
The Basque Government will fund the acquisition of the company Vidriería y Cristalería de Lamiaco, S.A. (VICRILA), to prevent the firm from closing down with the loss of 350 permanent jobs plus another 600 temporary and indirect posts, a spokesperson for the Leioa-based company has declared.
TTT Ejes is a firm created in 1996, specialising in shock absorber shaft production.
Bilbao, 3 July, 2009. Francisco Javier Vélez replaced Aitor Cobanera as Managing Director of risk capital management company Sociedad Gestión de Capital Riesgo del País Vasco (SGECR) on 25 June.
After the success of last year’s awards, ASCRI (the Spanish Venture Capital Association), Deloitte and the IESE Business School have organised the II Venture Capital & Private Equity Awards in the Iberian Peninsula this year. The prize-giving ceremony, presided by the journalist Olga Viza, took place on 21 May at a dinner given in the Hotel Ritz in Madrid, and once again brought together numerous representatives of the Venture Capital industry.
Xelectia was founded in 2002 as an innovative concept for organising traditional commerce, and it now has 25 associated establishments.Xelectia’s lines of business involve the development of state-of-the-art trading systems (electronic commerce, web outlets, etc.) and incorporation of new technologies (transactive displays, virtual changing rooms, etc.) to top-of-the-range traditional shops. Gestion de Capital Riesgo del País Vasco has acquired 20% of the company’s shares through its fund IED (Inversiones en Empresas Digitales)
Incide was created in 2000 to develop custom chips for electronic products adaptable to customer requirements.The company’s developments are applicable to any sector that uses electronic products, particularly analogue and mixed signal chips. Internationalisation is one the company’s characteristics, which exports all of its products to Central Europe and Asia. Gestión de Capital Riesgo del País Vasco has invested in the company via its Elkano XXI fund, aimed at technology projects.
Donostia-San Sebastian, 13.11.2008 – SEED GIPUZKOA, invests 3.1 million Euros in Guipúzcoa companies GMTK Multi-Process Machining S.A (1.5 million), IKOR METERING S.A (1.5 million), and TOTEM MT KOOP (175 thousand), to help develop their business. In addition, SEED GIPUZKOA has agreed to increase its capital to 3 million Euros. GMTK is a machine-tool sector company, dedicated to designing and manufacturing vertical and inclined bed multi-tasking machines,
