Shard Credit Partners
Region: North East
Programme: British Business Investments
Alexander Technologies Europe Limited designs and manufactures custom lithium-ion battery packs and proprietary chargers for powered air-purifying respirators, portable medical devices and other applications.
The company used funding from Shard Credit Partners to facilitate a management buy-out and then successfully expand its manufacturing facilities from 16,000 to 56,000 square feet. This included:
- tripling the number of new assembly lines
- making a significant investment in new manufacturing equipment
- building additional engineering and quality labs for product development
The expansion also meant the company was well placed to meet unprecedented, increased customer demand related to the Covid-19 pandemic. The company plans to invest further in the future to continue its growth, in order to establish its position as a global leader in custom battery packs for the portable medical equipment sector.