UK-based OEM supplier Expert Technologies Group has recently secured a significant contract in Spain, marking a pivotal moment in the company’s expansion efforts. The contract, valued at €1.4 million, follows a financing deal and signifies the company’s first major project in Spain since Brexit and the COVID-19 pandemic. This new endeavor involves the development of advanced automated systems for the automotive industry, highlighting Expert Technologies Group’s continued growth and influence in the field of industrial automation.
Contract Details and Project Scope
Expert Technologies Group has embarked on a new project with the Spanish division of Sumitomo Electric Bordnetze (SEBN), a renowned global supplier of automotive parts. The contract involves the creation of two state-of-the-art automated auxiliary harness assembly lines specifically designed for electric vehicles. This project will leverage Expert Technologies Group’s expertise in robotic assembly systems, tools, and specialized machinery to enhance automation within the automotive sector.
Significance of the Deal
This contract represents Expert Technologies Group’s first venture into the Spanish market since the disruptions caused by Brexit and the COVID-19 pandemic. The company views this deal as a significant milestone and anticipates it will serve as a catalyst for further opportunities across mainland Europe. Angelo Luciano, CEO of Expert Technologies, expressed optimism about the potential for future projects in the region, emphasizing the importance of this contract in the company’s European expansion strategy.
Support from UK Export Finance
The deal has been facilitated with the support of UK Export Finance (UKEF), underscoring the role of government-backed financing in enabling international growth for UK-based companies. UKEF’s involvement highlights the importance of financial support in overcoming barriers to entry and securing significant contracts in foreign markets.
Conclusion
Expert Technologies Group’s recent €1.4 million contract in Spain marks a noteworthy achievement in the company’s expansion efforts. Partnering with Sumitomo Electric Bordnetze to develop automated systems for electric vehicle production, Expert Technologies is poised to strengthen its presence in mainland Europe. The support from UK Export Finance further underscores the strategic importance of international financing in fostering growth and facilitating entry into new markets. As the company moves forward, this project could open doors to additional opportunities and further solidify its position as a leader in industrial automation.
Related Topics:
