PE International gains Siemens deal

Dec 16, 2010 • James Mawson

Undisclosed representatives from both Siemens Venture Capital and GIMV will take a board at PE International after investing $11m.

Germany-based clean-tech software developer PE International has raised €8m ($11m) from Siemens Venture Capital, the corporate venturing unit of local industrial conglomerate Siemens, and private equity firm GIMV.

Detlef Pohl from Siemens Venture Capital will take a board at PE International. The portfolio company was started in 1991 and has more than 1,000 clients, including Siemens.

Ralf Schnell, chief executive of Siemens Venture Capital (SVC), which has invested more than €800m in over 150 companies and 40 venture capital…

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