Fresh Equity invests in Mechtech
Fresh Equity continues to invest in the technology sector backing the MBO of automated and robotic production systems specialist, Mechtech Automation Group.
Mechtech Automation Group (MAG) design, manufacture and install sophisticated automated and robotic productions systems across a range of sectors for blue chip customers including Rolls Royce, Dyson and Ricoh. To compliment these bespoke products the Group has also developed a range of automated products under the Robopod banner along with a support and service arm. From a historic focus on the automotive industry in recent years this progressive group has diversified into growth markets such as aerospace, medtech and general industrials, successfully winning prestigious contracts in these sectors.
FEL has supported the management buyout of MAG from founder and former CEO, Richard Evans and introduced Dan Murthi, ex MPac PLC (formerly Mollins PLC), as the new MD. Paul Isaacs is Chairman of the Group.