Primech Holdings (PMEC) announced a $4M strategic investment from WELLE Environmental Group. Proceeds from the investment are expected to be deployed to expand robotics research, development, and production capacity, strengthen operational and manufacturing readiness, and support broader deployment of Hytron across commercial environments. The investment will also bolster working capital to support the continued expansion of Primech Holdings’ core facilities management business.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PMEC:
- Primech Holdings Raises Up to US$4 Million via Convertible Notes to Fund Robotics and Smart Facilities Units
- Primech Holdings announces North American debut of Hytron robot
- Primech Holdings and WELLE Partner to Boost Robotics and Sustainability
- Primech Holdings, WELLE enter cooperation for intelligent industrial robotics
- Primech AI establishes manufacturing partnership in Thailand