Friday, May 13, 2005

Agile Systems raises C$7M

Happy to announce Expansion Capital Partners' newest investment, in leading electronic controls manufacturer Agile Systems. The Canadian company raised C$7M from investors Expansion Capital, RBC Capital Partners, Covington Capital, Roynat Capital, and BEST Total Return Fund, and also including a credit facility from GE Commercial Finance Technology Lending.

Agile's electronic controls help drive efficiency gains in the operation of motors and other devices. Electric motors account for about 60% of the electricity used in U.S. industrial buildings, for example, and that energy consumption can be a big share of overall expenses -- so Agile's products can go directly to helping their customers' (and their customers') bottom line...


Post a Comment

<< Home

Unique visitors to dateLocations of visitors to this page