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Transactions 26 October 2010

Sedimap x Audacia

Fund raising
PAX Corporate Finance has organised the new fundraising of the Elyssom Group. The Elyssom Group arms its two daughters: Erco Gener and Sedimap.
Client Erco & Gener

Erco & Gener is the main French player in the design of industrial modems. These communicating and intelligent boxes are used for a wide range of applications, such as remote management of motor vehicles or remote reading of energy meters.

Client Sedimap

Sedimap designs, develops and integrates roaming management, geolocation and remote management solutions for vehicle fleets. Addressing the most important market, that of companies with 5 to 50 vehicles, Sedimap offers them a complete and packaged service package in the form of a subscription.

The Elyssom Group, through its two main subsidiaries, Erco & Gener and Sedimap, is one of the French leaders in the fast-growing “Machine to Machine” communications market.

At the crossroads of service and solution provider and technology integrator, Elyssom is positioned on high value-added niche markets exclusively in the B-to-B sector.

Already supported by two investment funds, Midi Capital and Corfri, Elyssom has been growing steadily for several years and in order to strengthen its market position, the group called on PAX Corporate Finance to organise a new round of financing. This process enabled the company to raise €2.5 million from Audacia, an amount which is divided between its two main subsidiaries, Erco & Gener and Sedimap.

Elyssom is now positioned as a market consolidator capable of federating companies in the “M to M” sector on a European scale.

Équipe Membres associés