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inge secures $6.97 million in venture capital funding

Jul 08, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Siemens AG (SI)

inge AG, a Germany-based provider of technology for the treatment of drinking, process, and waste water, has secured EUR5 million in venture financing from BayTech Venture Capital Beratungs GmbH, Taprogge Watertech GmbHc, Emerald Cleantech Fund I, SPG Private Investments Limited, Siemens Venture Capital GmbH, StoneFund nv, and Entrepreneurs Fund Management LLP. 

Deal Value (US$ Million) 6.97
Deal Type                Venture Finance
Sub-Category             Growth Capital/Expansion
Deal Status              Completed: 2009-07-07

Deal Participants 

Target (Company)   inge AG
Acquirer (Company) Taprogge Watertech GmbH

Deal Rationale

inge would use the fund to maintain its consistent momentum of international growth.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Siemens AG (SI)


Related terms: expansion, germany, technology, venture capital

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