May 30th, 2008
Two new financial partners have entered into investment agreements: CDC Enterprises and one regional capital risk companies: IRDI/ICSO. These new partners join GALIA Gestion and INNOVACOM who have been invested since 2006. The significance of this agreement for AUDEMAT is to form a group of investors capable of supporting their growth strategy. Audemat is advancing the development plan that was put in motion when GALIA Gestion entered; in fact Audemat increased their sales 300% over the 3 fiscal years to arrive at a consolidated total sales figure of $23.4M (15,3 M€) at the end of 2007.“Our external growth strategy, combined with strong investment in innovation and R&D has allowed us to exceed the objectives initially set at the beginning of 2006” states Bruno Rost, president of the Board of Directors for the group.
