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Funding Deal For Automation Robotic Specialist

An automation specialist which works with robotics has secured £350,000 in new funding.

The debt funding will help Birmingham-based Mechatronic Production Systems meet growing demand from manufacturers seeking to automate their processes, enabling the business to expand the team at its plant in Kings Norton and create seven new jobs.

Established 35 years ago to provide bespoke automation systems, Mechatronic was one of the first in the UK to introduce ‘off-the-shelf’ robotics with the launch of the Robopod in 2014. The system now accounts for almost half of its revenue.

Robopod enables companies to automate repetitive processes such as assembly, ultrasonic welding, dispensing and laser marking and can be adapted and reconfigured for different tasks.

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Mechatronic currently employs a team of 35 people, working with clients across industries such as aerospace, automotive, medical technology and plastics.

The company is headed by managing director Tony Parker-Watkins who led a management buyout in 2022.

He said: “Robots can now easily take on simple repetitive tasks within factories, improving efficiency and freeing up humans to focus on more skilled and productive work.

“With labour shortages and growing awareness of the potential for automation, our solutions are attracting interest from companies throughout Europe.

“We currently have a strong order book and record sales pipeline. The funding will enable us to expand our production capacity.”

The new debt came via the second round of the Midlands Engine Investment Fund (MEIF), which was launched in February, and was arranged by Birmingham-based fund manager Frontier Development Capital.

Investment manager Marie Kelly added: “Mechatronic addresses a key challenge facing UK manufacturing – the need to improve productivity.

“The company has a strong management team and is recognised as a leader in automation systems. With manufacturers now rushing to invest in automation, the funding will help it to meet the growing demand.”

Jody Tableporter, director at the British Business Bank which owns the MEIF, said: “The Midlands Engine Investment Fund II invests in innovative, solution driven businesses across the Midlands.

“With a clear commitment to providing bespoke solutions for clients in various sectors, Mechatronic Production Systems will use the funding to meet growing demand and create local jobs – showcasing the fund’s impact in the region.”

Ricosta Capital advised on the deal.

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