Industrial automation specialist Knight Warner is going for growth after securing new investment.
Sheffield-based dealmakers Castle Square Corporate Finance have helped the Chesterfield-based firm to get what is being described as a significant investment package.
Funding comes from Enterprise Ventures and Nottingham-based Turning Point Angel Investors.
Further investment is being put into the business by the company’s own management team, including Kevin Parkin, who led the rescue of Sheffield-based Davy Markham before joining Knight Warner as managing director, and founding directors Dave Knight and Colin Powell.
Mr Parkin said: “This investment will launch the company on its next stage of rapid growth and ensure that we are able to invest in resources to meet our strategic objectives.
“The continuous development of our skills base, together with the penetration of new international markets, are key to achieving our future objectives.”
Knight Warner’s funding success comes hard on the heels of the company clinching a £1.1 million order from Melbourne-based Icon Equipment International to make robotic bottle handling and control equipment for two large dairies in Australia.
The company has also just completed a multi-million pound project to instal a plant for major global packaging manufacturer Nampak, to transfer lightweight Infini plastic bottles from its production facility straight into a major dairy.
Paul Betts, from Enterprise Ventures, said: “Knight Warner is currently experiencing record levels of orders as a result of earlier significant investment in its patented technology and its development facility.
“This new funding round will allow the company to build its infrastructure, invest in new products and pursue its strategy of becoming the UK’s leading handling solution provider and a major international player.”
Castle Square Corporate Finance director Kevan Shaw hailed Knight Warner as “a great advert for manufacturing in the region”.