BIRMINGHAM-based Mechatronic Solutions is to increase its presence abroad following a £1.3m financing package from Santander Corporate & Commercial.
The firm, a provider of automation solutions and systems integration services, will also use the money to further develop its new manufacturing solution ROBOPOD.
Established 25 years ago, the business has delivered more than 400 projects to date across a wide range of manufacturing sectors including the automotive, aerospace and medical industries.
The business creates solutions such as robotic cells, automated assembly lines and cellular manufacturing to create processes and systems.
So far this year Mechatronic Solutions has increased its workforce by 30%.
The funding from Santander will allow Mechatronic Solutions to develop and launch an innovative robotic application called ROBOPOD.
The product, which has just been launched at the Advanced Manufacturing Show, will help the firm expand its presence particularly in the food, medical and pharmaceutical manufacturing industries.
In addition, while the firm has established a presence in Europe, the funding will allow the business to expand its operations into new markets by access to working capital.
Richard Evans, managing director of Mechatronic said: This financing package has helped us to progress a new business venture in India, a market we have identified as a key growth area for the next couple of years.
Leon Sloyan, relationship director at Santander Corporate & Commercial, said: Mechatronic Solutions has positioned itself as one of the leading providers in automated solutions. This is an exciting time for the business and we have used our extensive international experience and services to help them expand abroad.
Innovation is at the heart of Mechatronics business model and its new standardised robotic manufacturing solution Robopod is not only the first of its kind in the industry but also a demonstration of their desire to be one of the market leaders in automated manufacturing.
By Andy Coyne - Editor, West Midlands