Coventry robotics firm enters Spanish market with €1.4M deal
Coventry-based Expert Technologies Group has secured a significant contract in Spain, bolstered by a €1.4 million financing arrangement.
Known for supplying the UK's leading OEM manufacturers, Expert Technologies specialises in the design and delivery of robotic assembly systems, tooling, and bespoke machinery that enhance industrial automation.
The company has embarked on a new venture with the Spanish division of Sumitomo Electric Bordnetze (SEBN), a global automotive parts supplier. This project will involve the creation of two advanced automated auxiliary harness assembly lines dedicated to electric vehicles.
Thanks to the support from UK Export Finance (UKEF), Expert Technologies Group has secured €1.4 million in working capital through NatWest, enabling it to fulfil this contract. This funding also safeguards up to 10 jobs within the company.
Angelo Luciano, CEO of Expert Technologies, said: “The support we received from UK Export Finance has allowed us to successfully be awarded the project with SEBN, who are a new customer to ourselves; we look forward to developing the relationship further. This is the first project we have been awarded in Spain since both Brexit and COVID, and we hope that is a catalyst for further projects in mainland Europe.”
Fiona Begley, Export Finance Manager (Coventry and Warwickshire), UKEF, added: “The Midlands is still renowned as a centre of excellence in manufacturing, with businesses like Expert Technologies Group playing a key part in the global automotive supply chain. Support from UK Export Finance means that once again, a UK innovator has been able to take a leap towards new markets and new clients, secure in the knowledge that it has the right financing.”
Duncan Ruffle, Trade Finance Director, NatWest: “We are delighted to be able to support Expert Technologies Group with a trade finance facility backed by UKEF to venture into a new market. This facility is a prime example of how NatWest help businesses in the region and to promote growth in international trade.”
This new support from UKEF is separate to grants which Innovate UK has previously made to Expert Technologies supporting the decarbonisation of the automotive industry.
