PE International has secured 10 million euros in funding from Gimv and Siemens‘ venture capital division. Also, the company has named Dr. Friedrich Fröschl to its board of directors. Headquartered in Germany, PE International is a provider of sustainability management solutions.
STUTTGART, GERMANY and BOSTON, MA–(Marketwired – Sep 11, 2014) – PE INTERNATIONAL today announced that it has received a EUR 10 million growth investment from the Venture Capital unit of Siemens (SFS VC) and Gimv, a publically traded private equity firm. The financing will support the company’s further expansion along with increased product research and development. Additionally, the company announced the appointment of Dr. Friedrich Fröschl to its board of directors. Fröschl, a former member of the executive board of Siemens AG, is general partner and president of HiTech Invest Munich/New York, an advisory for private equity companies and corporations in the technology sector. He also serves on the board of several leading public and private IT companies.
“We welcome Dr. Fröschl to our board of directors and look forward to working with him during this exciting time in our company’s history,” said Christoph Wilfert, CEO of PE INTERNATIONAL. “I am also very pleased with the investment which will help accelerate growth, drive the development of our products and maintain excellence in customer service and support.”
“We invested in PE INTERNATIONAL because it represents a wonderful opportunity to work with a seasoned company that is leading the way in a rapidly growing market,” said Ralf Schnell, CEO of the Venture Capital Unit of Siemens.
“Global companies recognize that achieving the highest performance standards in sustainability is critical to their bottom-line and long term success,” said Dr. Hansjörg Sage, partner, Gimv. “We are pleased to support and invest in PE INTERNATIONAL, the partner of choice to help organizations succeed sustainably.”
About PE INTERNATIONAL
PE INTERNATIONAL is the global leader in sustainability performance management. Clients include more than 1,500 companies, academic institutions, governments and associations such as BASF, Hewlett-Packard, Interface, Kraft Foods, Siemens, Unilever, Volkswagen, the Bank of England and the European Commission. For more information: www.pe-international.com.