Prag, Czech Republic – 03.11.2023

Genesis Growth acquires a majority in a technology-oriented engineering company SEA - Chomutov, s.r.o.

Genesis Growth Equity Fund I (GGEF I), a private equity fund specializing in investments into small and medium-sized companies with high growth potential, primarily in the Czech Republic and Slovakia, has successfully completed acquisition of a majority stake in SEA – Chomutov, s.r.o. and its affiliated company CINEX s.r.o. (“SEA”). Co-investors in this transaction are the CEO of the company, Mr. Martin Míček and head of SEA’s business development and sales, Mr. Tomáš Míček.

About SEA – Chomutov, s.r.o.

SEA is an engineering company providing specialized products and services to a quality and reliability driven niche market of subsea energy infrastructure and to the automotive industry. The company delivers reels, subsea cable elements, hi-tech machines, inspection and logistics services and integrated solutions to major global EPC companies in the energy sector (both traditional and new energy), and to major automotive industry suppliers.

The Company is organized in five divisions: The Steel Reels division specializes in planning, designing, fabrication and refurbishment of steel reels for the energy sector (with focus on production, transportation, and installation applications for subsea and offshore cables). The Cable Weight Elements division supplies wire ropes and duplex steel rods in long coiled windings, serving as weight and strengthening elements for subsea energy cables. Quality Controls is a service business line through which SEA performs independent inspections of production processes at component suppliers for EPC clients worldwide. The Single-Purpose Machines division are subject-matter experts on industrial automation and provide the conception, design, production, and deployment of automated assembly lines for the automotive industry and specialized machinery for various applications in the energy sector. The Logistics division (CINEX s.r.o.) provides project management and logistics services, serving as one of the top European experts on the transportation of oversized freight, mainly cables and coiled cable components.

For more information, please visit: www.sea.cz

SEA - Chomutov

Contacts:

PR contact SEA Chomutov
Tomáš Míček, Head of Business Development
E-mail: tomas.micek@sea.cz; tel.: +420 773 573 056

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