Global Equipment Services Inc. (GES) has received the first of a dual round of financing led by IDG Ventures Vietnam (IDGVV), which was joined by IT-Farm Growth Investment Limited Partnership and other private investors in providing growth capital for GES. The financing is targeted for expansion of GES' global customer base and operational assets, including clean-room equipped facilities in Vietnam.
‘Semiconductor, flat panel display and emerging solar cell manufacturing are industries with growing demand for innovative services to improve efficiency and increase margins,’ says Morio Kurosaki, CEO of IT Farm Corp. ‘GES brings a unique engineering service model and manufacturing solutions to the current business challenges in these market segments.’
Separately, GES also successfully raised funds from several real estate investors for the construction of its 100,000 square-foot technology and manufacturing center, located in the Saigon Hi-Tech Park.
SOURCE: GES, www.geservs.com