With 100 million euros of fresh capital, the German technology trader Komsa wants to push new projects. The money was raised on the capital market via promissory note loans with a term of five years, the company based in Hartmannsdorf near Chemnitz, in the eastern German state of Saxony, announced on Monday. Originally, a volume of only 70 million euros had been planned, but it was increased due to strong demand from investors. The company plans to use the money to expand training and sales capacities for cloud activities, for example, and to build a digital platform for buying and selling used smartphones.
"We are very pleased with the extremely high investor demand," said CEO Pierre-Pascal Urbon. He spoke of a "vote of confidence" in his company and proof that Komsa is on the right track with its new direction.
Komsa has around 1,200 employees and is one of the largest family-owned companies in the eastern German states. Founded in 1992, it is celebrating its 30th anniversary this year. In the fiscal year 2020/21, sales had risen to a record 1.3 billion euros, according to earlier figures, thanks in part to the boom in working from home and homeschooling in the coronavirus pandemic. The company did not provide details on its profits.
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