France, FSI and Avenir Finance Gestion Invest €6M in Group Phoebe Ingenica
Fonds Stratégique d’Investissement, via CDC Enterprises, and Avenir Finance Gestion made a €6m investment in Phoebe Ingenica, a Jouy-en-Josas, France-based company specialising in industrial engineering in the telecommunications, health, energy, aerospace and natural resources sectors.
This transaction brings the total Avenir Finance Gestion has invested in the group to €2.8m.
Avenir already invested in the company in January 2009 when Phoebe, a growth actor in technological consulting, with expertise in document engineering, information systems, complex systems, and industrial and electronic distribution, acquired Ingenica, a well-known French firm in industrial engineering, with strong capabilities in instrumentation, command control and general installation.
The group will use the new funds to accelerate development and access to major projects.