Kerzers, Switzerland-based Selfrag, maker of high-voltage fragmentation equipment, announced on Thursday, March 9, that it has secured over 14.3M CHF (approximately €14.6M) in equity (9.3M CHF) and long-term debt (5M CHF).
The company’s core shareholders contributed the equity funding, while the Technology Fund and UBS arranged debt financing.
“All of us at Selfrag are proud of having received such strong support from our shareholders, the Technology Fund, and UBS. This funding confirms our strategy. It will help us in the further implementation of our business plan,” says Anton Affentranger, Executive Chairman of Selfrag.
Selfrag says it will use the capital to accelerate the expansion of its Waste to Value activities.