Doughty Hanson increases equity stake in Eguana Technologies
Eguana Technologies Inc (TSX-V: EGT), formerly known as Sustainable Energy Technologies Ltd, has completed a private placement offering that generated gross proceeds of about $3.5 million. About half of the offering was accounted for by senior management and Doughty Hanson Technology Ventures, a British venture capital firm and Eguana's largest shareholder. Headquartered in Calgary, Eguana designs and manufactures intelligent power electronics for distributed smart grid and micro-grid applications. It said the funding will help it to meet growing demand for the company's technology in the United States and Europe.
1 October 2015•5 mins read
