• New Shareholders in Applied Development
    Applied Development, 6th April 2011

    Since last month, shares previously owned by the Venture Capital fund GIMV has been acquired by two new shareholders - Ludwig Lemenu and Groep Barroo. GIMV has been a shareholder in Applied Development for a period of about 3 years since 2007. A capital increase has also been undertaken by the new and existing shareholders of the company to improve the financial strength which is required to support the growing business. Ludwig Lemenu will represent the new shareholders in the board and has also been appointed as the chairman of the board.

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