Warsaw (Puls Biznesu) - Enterprise Investors, venture capital fund Enterprise Investors has bought Gamet - producer of accesories for furniture. The transaction was worth PLN 61 million (EUR 15million).
After transaction Gamet will invest PLN 20million in new production line and will remove it to the new site. Th whole investment should be completed in 2005 and 2006. That will enable to expand at the market of European Union, eg. in Germany, UK and to rise sales in eastern Europe - in Russia and Ukraine.
Last year th revenue of Gamet amounted to PLN 103 million. There is no information whether or not it is profitable.