LONDON — Ambient Sound Investments Ou, a company set up in Talinn, Estonia, by four of the founders of Skype, has invested 1.5 million Estonian Kroon (about $125,000) in Evikon MCI, an Estonian manufacturer of electronic measurement instruments.
As a result of the investment ASI has acquired 23 percent of the electronics manufacturer. The remainder of the company belongs to the three members of the management board. In addition, this agreement grants Evikon an optional convertible loan.
Evikon MCI develops sensor-based measurement devices and systems.
"We decided to invest in this company because Evikon MCI is top player in the instrumentation market," said ASI chief executive officer Toivo Annus, in a statement. "Our mutual goal is to use this potential, concentrate on product development and go to the global market."
Evikon MCI has operated for 15 years in the measurement instrumentation industry and the company's products are used in the food industry, energy, heating and municipal sectors, construction and many other fields. Evikon MCI is also one of the founders of the Estonian Nanotechnology Competence Center.
"We adapt the advanced technologies now used in semiconductor industry and pharmacy for other sectors as well. These include also building automation devices that will save energy costs by regulating heating and ventilation automatically, precisely depending on air quality and weather conditions," said Madis Einasto, chief executive officer of Evikon, in the same statement.
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