AME Group, a Yorkshire-based company that designs products from consumer electronics through to medical devices and product packaging for many leading consumer brands, has secured a £750K investment from Northern Powerhouse-backed company, NPIF-Mercia Equity Finance.
The company will use the funding to accelerate the growth plans, which include hiring new staff, acquiring new equipment, and launching two new brands.
The UK company’s first brand is AME-3D, 3D Printing, and Low Volume Production Powerhouse. AME-3D will focus on providing 3D printing for manufacturing and prototyping services to Yorkshire and UK businesses.
It will also expand into small-batch unit production, also known as Low Volume Production, and indirect manufacturing with dropshipping services.
AME Group Founder, now Finance Director, Ian Jones said: “New technologies such as 3D printing have opened up new possibilities in product development and testing. As a result, the rapid prototyping market is expanding year on year. With the new AME-3D brand fully dedicated to unlocking the potential that 3D printing and Low Volume Production offers, our team can support UK businesses with longer-term growth and with their post-Covid bounce-back plans.”
Maurice Disasi of Mercia added: “AME has performed strongly since its inception and established itself as one of the leaders in its field. As the company embarks on a new period of growth, this funding will enable it to take advantage of the exciting opportunities in the rapid prototyping market and to widen its customer base.”
Sean Hutchinson of British Business Bank said: “AME is a growing Northern business working with a strong portfolio of respected brands across a range of sectors. NPIF is proud to play a part in helping businesses like AME reach the next stage in their growth journey. By investing in ambitious successful companies, we are helping to create new jobs, safeguard others, and support regional economic growth allowing business communities to fulfill their potential.”
The post Yorkshire-based tech firm that helps businesses with 3D printing picks £750K appeared first on UKTN (UK Tech News).
