Brief: Adiuvo Investments informs on investment in ScaleThings project

Adiuvo Investments SA W Restrukturyzacji

02/03/2016 07:13

March 2 (Reuters) - Adiuvo Investments SA  ADV.WA : 
    * Said on Tuesday that Joint Polish Investment Fund C.V. 
(fund), ScaleThings Sp. z o. o. and ScaleThings founders signed 
an investment agreement on Feb. 29 
    * The agreement defines the terms and conditions regarding 
the fund's investment in ScaleThings project 
    * ScaleThings Sp. z o. o. is a special purpose vehicle which 
is working on a project of the development and commercialisation 
of an accurate sensor platform to measure weight   
    * The fund plans to invest up to 4.5 million zlotys ($1.13 
million), which will include 800,000 zlotys of nonreturnable 
subsidy from the National Centre of Research and Development 
    * The fund will acquire 38.65 pct of ScaleThings in three 
tranches and  the acquisition will not be paid for with the 
subsidy 
    * The company's unit, Adiuvo Management Sp. z o. o., has a 
significant influence over the fund  
 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0125683 
     
 Further company coverage:  ADV.WA   
    
 
($1 = 3.9890 zlotys) 
 
 (Gdynia Newsroom) 
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