About Andromeda Group
Andromeda Group is a company based in Paiania (Greece) founded in 1998, and was acquired by AMERRA in May 2016. Trenchless pipeline installation and renovation services are offered. Andromeda Group has completed 1 acquisition, including Nireus.
Company details
Founded in 1998 and based in Paiania, Greece, Andromeda Group operates in the infrastructure sector, focusing on trenchless pipeline services. Pressure and gravity pipelines are installed, while existing ones are renovated through techniques such as horizontal directional drilling and microtunneling. Protective casings for electrical, heating, and gas lines are also fitted. State-of-the-art equipment is employed across diverse soil conditions for these projects.
- Headquarters Paiania, Greece
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website andromedagroup.eu
- Social LinkedIn
- Acquired by AMERRA (May 2016)
- Latest Funding Round$26.92K (USD), Grant
Apr 2015
- InvestorsEuropean Union
& 1 more
- Investments & Acquisitions
- Acquired byAMERRA
(May 2016)
Funding Insights of Andromeda Group
- Total Rounds 1
- Last Round Grant — $26,921
- First Round $26,921
(Apr 2015)
- Investors Count 1
All 1 funding rounds of Andromeda Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2015 | $26,921 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Andromeda Group
Andromeda Group has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and AMERRA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Alternative asset management firm | 2009 | amerracapital.com | New York, United States |
Investor details for Andromeda Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Andromeda Group
Andromeda Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nireus.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Integrated business for fish farming and supply of produce | nireus.com | Koropi, Greece | 1988 | Jun 2018 | •••• |
Complete acquisition details for Andromeda Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Andromeda Group
Andromeda Group was founded in 1998 and raised its 1st funding round 17 years after it was founded.
Andromeda Group is headquartered in Paiania, Greece. It is registered at Paiania, Attica, Greece.
Founded in 1998 and based in Paiania, Greece, Andromeda Group operates in the infrastructure sector, focusing on trenchless pipeline services. Pressure and gravity pipelines are installed, while existing ones are renovated through techniques such as horizontal directional drilling and microtunneling. Protective casings for electrical, heating, and gas lines are also fitted. State-of-the-art equipment is employed across diverse soil conditions for these projects.
Andromeda Group has made 1 acquisition, including Nireus.
Andromeda Group has 2 investors. Key investors include European Union, and AMERRA.
Yes. Andromeda Group was acquired by AMERRA in May 2016.