GFI Makes Additional Investment in Power Measurement Ltd.
GFI Energy Ventures has completed a substantial additional investment in Power Measurement Ltd. (PML). GFI and its co-investors first invested in PML in 1996. This new investment raises their holdings to over 90 percent with the latest purchase implying an approximate enterprise value of $100 million (Canadian). PML`s products enable companies to manage energy consumption and to modify industrial processes to avoid power quality problems and reduce energy costs. Simultaneously with this transaction, Brad Forth becomes PML president. He began his affiliation with the company 10 years ago as a design engineer and subsequently held management positions in product development and in marketing and sales.
