EnergoBit, new capital injection

EnergoBit SA, one of the major Romanian suppliers of services and equipment for low, medium and high voltage electrical networks to the power sector has received new capital injection of around 40 milion RON from its existing shareholders, which will be used to sustain growth by working capital, as well as for extending the present production capacities and for the development of new products and services.

The new capital injection is performed by the three founders Ștefan Gadola, Pál Péter and Ioan Socea that will play a bigger role, will work more closely with the management team led by Ms.
Carmen Neagu on new growth initiatives, and together with Innova Capital and the European Bank for Reconstruction and Development (EBRD) will steer the further development of the company.

Cluj-Napoca, September 5th, 2017

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