As part of its planned expansion into existing and emerging markets, Beneq has announced that Russian stock company RUSNANO has invested €25 million into the Finnish company. The investment is a combination of capital injection and share purchase.
Beneq commonly establishes close collaborative activities with research centres, universities and similar centres of excellence in regions where demand for its solutions is high and growing. In the short term, Beneq plans to initiate more activity centres, including one in Russia, where Beneq will further develop specific applications and equipment for the needs of customers in Russia and the CIS.
Founded last year, RUSNANO is looking to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Russian government owns 100% of the shares in RUSNANO.
Earlier this month, a German research team published positive results for Beneq thin-film solar cells.
Sampo Ahonen, CEO of Beneq, said, “This investment in Beneq is not only a covenant that ensures continued expansion of the company’s business activities and its ability to serve its customers worldwide, it also opens new vistas of opportunity, including strengthening our presence in rapidly growing markets such as Russia”.
Sergey Polikarpov, managing director at RUSNANO comments: “Beneq is a welcome member in our nanotechnology portfolio. We acknowledge the technical excellence of the company and the literally untapped economical potential that lies before its thin-film coating offering. We have also identified potential synergies between Beneq and companies already in the RUSNANO team.”