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Kraus Global

krausglobal.com

Stage

Corporate Minority | Alive

Total Raised

$7.5M

About Kraus Global

Kraus is a designer and manufacturer of Compressed Natural Gas (CNG) refueling dispensers and electronic control systems in North America, supplying to major CNG North America retailers. Kraus is also a prominent supplier of dispensing and electronic control systems for other alternative fuels.

Headquarters Location

25 Paquin Road

Winnipeg, Manitoba, R2J 3V9,

Canada

204-663-3601

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Expert Collections containing Kraus Global

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kraus Global is included in 1 Expert Collection, including Oil & Gas Tech.

O

Oil & Gas Tech

636 items

This collection includes companies from upstream, midstream, and downstream sectors of the Oil & Gas industry, as well as companies focused on sustainable fuels. Sectors are tagged by general focus of the company (even if the tech works across sectors).

Latest Kraus Global News

Kraus Global Ltd. Undertakes Strategic Restructuring To Pave The Way For Future Innovation And Long-Term Growth

Aug 27, 2020

Kraus Global Ltd. Undertakes Strategic Restructuring To Pave The Way For Future Innovation And Long-Term Growth TORONTO, Aug. 27, 2020 /PRNewswire/ - Kraus Global Ltd. Author: Aug 27, 2020 12:01 PM EDT TORONTO, Aug. 27, 2020 /PRNewswire/ - Kraus Global Ltd. ("Kraus") shareholders announced that it has undertaken a strategic restructuring to position the long-standing Kraus brand for future innovation and long-term success. Kraus will be consolidated under its controlling shareholder, ComTech Energy ("ComTech") and PRIVEQ Capital Funds will exchange its minority ownership in Kraus for shares in ComTech. This plan will unify the Kraus and Swift solution brands under a single parent company, creating a streamlined platform with greater strategic flexibility, that is better positioned for accelerated growth. The process is intended to improve profitability and eliminate Kraus' legacy debt burden, allowing the Kraus brand to emerge with a strengthened balance sheet to complement its future growth initiatives. The plan includes relocating production to ComTech's manufacturing facility in Milton, Ontario, streamlining operations and significantly reducing annual SG&A, as part of strategic realignment to create greater focus on the customer experience. The growing transition towards renewable energy will create an industry dynamic, which maximizes flexibility and responsiveness - which are both critically important for our customers. Kraus' day-to-day operations, as well as its engagement with customers and suppliers, will not only continue as usual but will ultimately be stronger as a result. ComTech will continue to drive the Kraus brand forward by expanding its leading position in the CNG/RNG dispenser market, further investing in hydrogen dispensing solutions, and developing a leading alternative (gaseous) fuel analytics and tracking software platform for transportation fleets. James Ro, ComTech's President and Owner said, "acquiring controlling interest in Kraus last year gave us the visibility of the status quo in the global alternative fuel dispensing market. We are starting to see significant opportunities to innovate and provide a seamless, integrated customer experience as well as capitalize on the growing long-term trend of alternative fuels in the heavy-duty transportation market. By linking the Kraus and Swift product brands together, we will bring a wider range of differentiated, high value, innovative solutions to current and future customers around the world." Brad Ashley, Managing Partner of PRIVEQ Capital Funds said, "we are delighted to be more directly involved as a partner in ComTech Energy. We see ComTech as a leading innovator in the global alternative fuel space with significant growth opportunities across its product lines. We look forward to working closely with ComTech's excellent management team to help them realize their vision." About ComTech Energy Headquartered in Toronto (ON), ComTech is a national turn-key, vertically integrated solutions provider for alternative energy infrastructure in the heavy-duty transportation sector. For more information, please go to www.comtechenergy.ca . View original content to download multimedia: http://www.prnewswire.com/news-releases/kraus-global-ltd-undertakes-strategic-restructuring-to-pave-the-way-for-future-innovation-and-long-term-growth-301119694.html SOURCE ComTech Energy

Kraus Global Frequently Asked Questions (FAQ)

  • Where is Kraus Global's headquarters?

    Kraus Global's headquarters is located at 25 Paquin Road, Winnipeg.

  • What is Kraus Global's latest funding round?

    Kraus Global's latest funding round is Corporate Minority.

  • How much did Kraus Global raise?

    Kraus Global raised a total of $7.5M.

  • Who are the investors of Kraus Global?

    Investors of Kraus Global include ComTech Energy, PRIVEQ Capital Funds and GrowthWorks.

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