FPE Global invests £1m in new test centre

Specialist engineering company FPE Global has received a £1m boost to launch a new test centre at its HQ in Greater Manchester.

Stockport-based FPE Global, which creates materials handling processing systems, secured the funding from private equity firm NorthEdge Capital.

The sales director at FPE Global, Jeremy Booth, said: “By constantly developing our customer insight, it has enabled us to tailor our products and services to meet the evolving needs of the markets we serve.

“We pride ourselves on offering knowledge-based solutions to clients on a global scale and work in partnership to help them achieve their goals, which is essentially to increase production and reduce costs.”

Last September, the company moved to a new base at Orion House comprising 14,000 sq ft of office space and a 30,000 sq ft production centre, in a bid to support its expansion plans.

NorthEdge Capital, which focuses on backing businesses based in the North of England, snapped up a majority stake in FPE Global three years ago.

NorthEdge’s investment manager, Phil Frame, commented: “The latest round of funding demonstrates our continued commitment to support the company as it enters its next phase of growth.

“The new test centre significantly enhances FPE’s service offering whilst also adding value to its growing customer base.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →