Innova Capital drives into the auto market via EBCC

The value of the transaction was not revealed, but it was financed through a leverage buy-out (LBO). The managing director of EBCC, Jerzy Żabnicki, claims that the company has a 30% share of the European market of brake clamps. "We cooperate with the most renown producers of cars. Today, seven million cars in Europe are equipped with our components," said the president. The managing director of IC Andrzej Bartos said his company will invest zł.11 million in the venture in 2005, which would be spent on the machine park, as well as development of new technologies and products. Innova Capital hopes to invest an additional EUR 30 million in two new projects by the end of the year. (Puls Biznesu, p. 12) M.M.