Expert Technologies Group, a Midlands-based manufacturer, has successfully entered the Spanish market by securing a significant contract with SEBN, a global automotive
supplier. This new venture was made possible with €1.4 million in financing support from UK Export Finance (UKEF) and NatWest.
The Coventry-based company specializes in designing and delivering robotic assembly systems and specialized machinery for industrial automation. This latest deal marks a significant expansion for Expert Technologies Group, which is already a key supplier to major UK-based OEM manufacturers.
The new project involves collaboration with the Spanish division of Sumitomo Electric Bordnetze (SEBN), a prominent global supplier of automotive parts. Expert Technologies Group will deliver two state-of-the-art automated auxiliary harness assembly lines specifically for electric vehicles.
The €1.4 million in working capital provided by NatWest, backed by UKEF, has been crucial in enabling the company to undertake this project. This contract is also expected to support up to 10 jobs within the Expert Technologies Group, further bolstering its growth and presence in the international market.
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 Europ”e.
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”.