AWS raises £5.5million for expansion - Embedded.com

AWS raises £5.5million for expansion

LONDON — Contract manufacturer, AWS Group. has secured a £5.5million (about $9.6 million) equity investment from the private equity arm of Barclays Bank plc, Barclays Ventures.

The finance will be used to fund growth, both organically and by further focused acquisitions in the U.K. AWS will also widen its footprint internationally with a targeted presence in South East Asia.

During the last three years AWS has broadened its manufacturing capabilities and implemented a fully integrated group supply chain solution. Today the business comprises four U.K. based operations supported by a lower cost manufacturing solution based in northern Slovakia.

It employs 420 staff, and has annual sales in excess of £40 million (about $70million).

“The investment serves to underwrite the Board's determination to continue a path of strategic as well as organic growth within the electronics manufacturing services sector and to strengthen its capacity to achieve its aims,” said Paul Deehan, AWS CEO.

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