Audemat Adds Financial Partners

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Audemat Adds Financial Partners

May 29, 2008 9:22 AM

Bordeaux-Merignac France - May 29, 2008 - Two new financial partners have entered into investment agreements with Audemat: CDC Enterprises and regional capital risk company IRDI/ICSO. These new partners join Galia Gestion and Innovacom who have been investors in Audemat since 2006.

This agreement provides Audemat the investment capital to support the company's growth strategy. Audemat is advancing the development plan that was put in motion when Galia Gestion became a partner. Audemat increased its sales 300 percent over the three fiscal years to arrive at a consolidated total sales figure of $23.4 million at the end of 2007.