Malwa International Receives Investment from Almi-Invest
Published On December 27, 2010 |
Malwa International AB, a Skene, Sweden-based manufacturer of eco-friendly forestry machines, has received an equity investment of undisclosed amount from Almi-Invest.
Jörgen Lillieroth, CEO and founder of TST Sweden AB, a supplier of Personal Protective Equipment, also participated in the funding.
The company intends to use the proceeds from the investment to recruit new people to ensure a higher level of service to customers and start exporting in some European markets.
Founded in 2009 by President Magnus Wallin, Malwa has created machines that are designed to meet private owners’ and contractors’ demand for comfort, maneuverability and economy as well as to increase extraction of biofuels from the forest.