PRODWAYS GROUP, a subsidiary of GROUPE GORGÉ, announces that it has raised €25 million, including €10 million from the FIMALAC Group and a €15 million contribution from GROUPE GORGÉ.
The FIMALAC Group, founded and directed by Marc LADREIT de LACHARRIÈRE, wanted to contribute to the development of PRODWAYS GROUP. "We are pleased to support PRODWAYS GROUP in its aim to represent a leading 3D printing player in Europe capable of competing with key American players. In our view, PRODWAYS GROUP and its teams - widely renowned for their expertise - represent a company capable of fast becoming one of the main leaders in the sector", said Marc LADREIT de LACHARRIÈRE.
This fundraising transaction will speed up the implementation of the strategy to become the third-largest player in the world to offer a range of multi-technological services and all 3D printing services to its customers.
As a leading investor able to support long-term industrial projects, the FIMALAC Group will represent a major partner of PRODWAYS GROUP, alongside GROUPE GORGÉ.
At the end of this transaction, the FIMALAC Group could hold a 4.45% stake in the capital of PRODWAYS GROUP.
The terms of the transaction will be specified during the Groupe Gorgé Shareholders' Meeting to be held on June 17, 2015. The full text containing all resolutions was published in the BALO (France's legal gazette) of April 27 and June 1, 2015.
This press release could contain statements on past events and forward-looking statements including statements regarding future goals or targets. Forward-looking statements reflect current expectations for results and future events.
Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ materially from those anticipated herein. All these risks and uncertainties could affect the Group's future ability to achieve its targets. Risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements and targets include, among other things: the risks and uncertainties possibly mentioned in this press release; the strength of competition; the growth of the market; currency fluctuations; interest rate fluctuations; raw materials and freight price fluctuations; armed conflicts or political instability; control of costs and expenses; changes in tax legislation, rules, regulation or enforcement; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel and key-men; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; supply chain bottlenecks; the performance of our business partners (subcontractors, agents, suppliers, etc.).
Some of these risk factors are set forth and detailed in our Document de Référence (Registration Document including the annual financial report filed with the French Autorité des Marchés Financiers). This list of risks, uncertainties and other factors is not limitative. Other non-anticipated, unknown or unforeseeable factors could also have material adverse effect on our targets. The Group expressly disclaims any obligation or undertaking to update or revise any forward-looking statements or targets potentially contained in this press release to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based.
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About Groupe Gorgé
Established in 1990, Group Gorgé is an industrial group operating in different areas of expertise:
Smart Safety Systems – Using technology to work in risk environments;
Protection in Nuclear Environments – Protecting people and securing buildings operating with radioactive materials;
Industrial Projects & Services Conducting Robotics and Fire protection systems projects for industry and service-sector player;
3D Printing – Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.
In 2014, the Group reported revenue of €223.3 million. It is backed by 1,370 employees and operations in over ten countries.
More information available on www.groupe-gorge.com
Groupe Gorgé is listed on Euronext Paris and on the US OTC market in the form of ADR.
isin code: FR0000062671
Ticker code: GOE
US OTC market:
CUSIP NUMBER: 399451 103
ISIN NUMBER: US3994511034
Ticker Code: GGRGY / GGRGF
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