Deal

Movimento receives second round of funding

The Swedish company Movimento, a world leading designer and manufacturer of tools for the automotive and transportation industry, has secured SEK 40 million in venture capital from current owner Eqvitec Technology Fund II and Industrifonden.  

Movimento is today present in the Swedish and North American markets, with offices in Gothenburg and Plymouth. The funding will enable the company to strengthen its presence in the Japanese, German and South Korean markets.

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FundVerdane ETF II SPV (PKA Eqvitec Technology Fund II)
Portfolio CompanyMovimento Group
Date of Transaction2007-06-14
TransactionFinance round
Seller
BuyerVerdane ETF II SPV (PKA Eqvitec Technology Fund II)
Size of TransactionSEK 40.0m
Ind. FocusIndustrial
GeographySweden
StageVenture
 

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(2011-07-13)