Slovak Investment Holding joined the reputable Slovak company GA Drilling
On 22nd March 2018 the Slovak Investment Holding became one of investors in the Slovak reputable hi-tech company GA Drilling, the world pioneer in developing innovative technology for contactless drilling and milling based on electric plasma. The company opens new opportunities in the market of geothermal energy, environmental plug and abandonment of oil wells, tunnelling and exploration of raw minerals.
Investment from SIH is a repayable form of financing, using innovative financial tool from the European Structural and Investment Funds, from the Operational Programme Research and Innovation. SIH investment have been prepared in cooperation with prestigious external investment consultants (due diligence).
“We consider investment into the highly innovative technology company GA Drilling as our contribution to the consistent transformation the Slovakia into innovative and sustainable economy, focused on products and services with higher added value,“ summs up Ivan Lesay, General Director of the SIH.
About Slovak Investment Holding
SIH is a joint stock company in 100% ownership of the Slovak Republic. Its main mission is to support strategic public and private investments in Slovakia in the area of infrastructure, energy efficiency, waste management and renewable energy sources, social economics and small and medium enterprises. They implement financial resources from European Structural and Investment Funds in repayable form, not by grants.