HansaMatrix receives a long-term loan of EUR 7.1 million from SEB bank
SEB bank has granted HansaMatrix a long-term loan in the amount of EUR 7.1 million to promote business development and efficiency.
HansaMatrix is one of the leading manufacturers of electronic systems and components in the Northern European region in sectors such as transport, telecommunications, energy management systems, IoT, medicine, and defence technology.
The long-term loan will enable HansaMatrix to invest in business development, increasing sales, acquiring new customers, developing export markets, and modernising equipment.
“This is an important step towards strengthening the competitiveness and long-term development of HansaMatrix . We have been a financial partner for this ambitious Latvian company since 2017 and we are pleased that the financing we have provided has enabled HansaMatrix to become one of the leading companies in the region in the production of electronic systems and their components. This is a sector with constantly increasing demand that requires dynamic adaptation to change and the HansaMatrix team has proven its success. We wish the company a successful next development phase,” says Ints Krasts, Management Board member of SEB Latvia.
“This loan is an important step in the development and strengthening of our company's market position. With Baltcap recently becoming the sole shareholder of the company, this transaction will help us to fulfill our ambitious business goals. The company is working in accordance with its long-term strategy, which is ensuring growth. We appreciate the long-term cooperation and trust of SEB bank,” adds Jānis Sams, Chairman of the Management Board of HansaMatrix.
HansaMatrix was founded in 1999. Its production facilities are located in Ogre, Ventspils, and Mārupe. The shareholder of HansaMatrixis a private equity fund managed by BaltCap.
