El-Forest attracts new funding
Fouriertransform has invested SEK 20 million through a directed share issue in the Swedish company El-Forest. Fouriertransform will become the new majority owner of the company following the transaction.
El-Forest was founded in 2006 and is developing energy efficient and environmentally sound forestry machinery. The company has recently presented the world's first forwarder to utilize electric-hybrid technology.
Fouriertransform is joined by existing investor Volvo Technology Transfer, which are converting a SEK 5 million loan in connection with the share issue.
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| Fund | Fouriertransform |
| Portfolio Company | El-Forest |
| Date of Transaction | 2010-06-30 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | SEK 20.0m |
| Ind. Focus | Industrial |
| Geography | Sweden |
| Stage | Venture |