(EquityStory AG-Media / 05.02.2013 / 14:11)
- Mountain Cleantech leads EUR 15m financing round
- Growth financing triples production capacity and creates 30 new jobs
- Support of internationalization into the Balkans, South America and
South-East Asia
Zurich, 5th February 2013 - Mountain Cleantech Fund II (MCF II) has
completed an investment in a leading Austria-based provider of complete
small hydroelectric power plants, Geppert GmbH. The firm, which is
headquartered in Hall in Tirol, Austria, was founded in 1896 and is now in
its fourth generation of family ownership. Being one of the longest
established players in its industry, Geppert can look back on a global
reference list of more than 3,000 small hydro projects. The company has
developed a market reputation for superior product quality, solid
craftsmanship and constant product innovation.
Over the last years, the company has systematically internationalized its
activities and is now looking to significantly increase its production
capacity. Mountain Cleantech has led a syndicate including Austria
Wirtschaftsservice GmbH (aws), various banks and others, to provide more
than EUR 15m in equity and debt growth financing for a new 10,000 square
meter manufacturing and office facility as well as for cutting edge
production machinery. The financing will also allow Geppert GmbH to
continue its rapid international growth.
Mountain Cleantech Founder and Managing Partner - Jürgen F. Habichler - has
joined Geppert's board to support the company's continued growth. He
commented: 'Geppert's impressive reference list and reputation for flawless
execution and product quality will enable the company to exploit the
significant growth potential in the global small hydro market, particularly
in Turkey, Emerging countries in the Balkan region, Latin America and
South-East Asia.'
Guntram Geppert, owner and CEO of Geppert GmbH, commented: 'The cooperation
with Mountain Cleantech is a milestone for our 117 years old family owned
business. We have been impressed by the entrepreneurial, hands-on spirit
and commercial acumen of the Mountain Cleantech team. This growth capital
financing will enable us to continue our successful international expansion
in new, emerging markets whilst further strengthening our market position
in Central Europe.'
Bernhard Sagmeister, CEO of aws, commented: 'The Austrian national
promotional bank Austria Wirtschaftsservice (aws) invested in Mountain
Cleantech Fund II as part of the Austria Cleantech Initiative. I am very
pleased to see this investment supporting the promising sector of renewable
energy production. The Austria Cleantech Initiative is carried out by aws
on the initiative of the Minister for Economic Affairs Mr. Mitterlehner.'
About Mountain Cleantech
Mountain Cleantech (www.mountain-cleantech.ch) was founded in 2007 and is
headquartered in Zurich, Switzerland with additional offices in Austria,
Germany and Sweden. It is the Investment Advisor of Mountain Cleantech Fund
II, which focuses on growth equity investments within the Sustainability
investment theme in the German-speaking and Scandinavian regions. Since its
inception, the team has invested in numerous innovative Cleantech
companies, including Grünspar GmbH, Sinosol AG, reBuy reCommerce GmbH and
SiC Processing AG.
About Geppert GmbH
Geppert GmbH (www.geppert.at) is a leading Austrian provider of complete
electromechanical equipment for small hydroelectric power plants, including
the manufacturing of Pelton-, Francis-, Diagonal- and Kaplan Turbines and
inlet valves. The company was founded in 1896 and is located in Hall in
Tirol, Austria. Geppert's services include small hydro project consultancy,
turnkey project design for electromechanical equipment for small hydro
power plants and new turbine development, plant maintenance and after-sales
service, plant repair and upgrading and refurbishment of existing power
plants.
About Austria Wirtschaftsservice GmbH (aws)
Austria Wirtschaftsservice (aws; www.awsg.at) - the Austrian national
promotional Bank - offers financial assistance and consultancy for
innovative companies, from the pre-seed phase up to the expansion stage.
Aws-instruments include low-interest erp-loans, grants, equity and
guarantees.
Contact:
Jürgen F. Habichler
Managing Partner
Phone: +41 44 78 38 041
Email: contact@mountain-cleantech.ch
Website: www.mountain-cleantech.ch
End of Corporate News
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Issuer: Mountain Cleantech AG
Key word(s): Environment
05.02.2013 This press release was distributed by EQS CORPORATE
COMMUNICATIONS.
www.eqs.com - news archive: www.eqs.com/ch/presskit
The issuer is responsible for the contents of the release.
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Language: English
Company: Mountain Cleantech AG
Fuhrstrasse 12
8820 Wädenswil
Switzerland
Phone: +41 44 78 38 041
Fax: +41 44 78 38 040
E-mail: contact@mountain-cleantech.ch
Internet: www.mountain-cleantech.ch
End of News EquityStory AG-Media
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200616 05.02.2013
(END) Dow Jones Newswires
February 05, 2013 08:12 ET (13:12 GMT)
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