Raketech signs credit facility of EUR 15 million to support continued growth through acquisitions

Oskar Mühlbach, CEO of Raketech said: “We are delighted to enter into this new relationship with Avida Finans and take advantage of the strong debt markets to strengthen our financial flexibility. The new agreement offers beneficial terms and enables us to keep a high pace in our M&A activities to propel our group growth on strategically important markets”.

The credit facility includes an extension option and can thus be renewed annually from its first date of utilization subject to certain conditions. Raketech will continue to evaluate further long-term financing opportunities, in line with its growth strategy and M&A agenda.