Nexus ALPHA closed its first investment
Nexus ALPHA has just closed its first investment, providing expansion capital to Promotehna d.o.o. (est. in 1992), a company that distributes specialized products and equipment in automotive industry. This capital increase will enable its further business expansion by introducing new attractive products to the Croatian market and, also, a regional expansion.
During the last several years, Promotehna has become exclusive distributor for several globally renown producers of tools and car service equipment while continuously growing its range of products and services. The Company strives to develop such supply that creates broader and quality choice for consumers, through extension of useful life of vehicles, and in doing so to decrease their expenses of owning and using vehicles. The current difficult economic environment should favour stronger positioning of these attractive products and services that are focused on maintenance and renewing vehicles as an alternative to buying new vehicles sales of which tend to decrease significantly. In addition, new funding will enable strengthening the Company's market position.