Dewsbury-based robotics specialist Sewtec has grown its order book to £25m in the year following its management buyout (MBO).13 September 2018
Sewtec's £25m order book is the largest the company has achieved since it was founded in 1982 and means the company is on track to double turnover to £32m by 2022. It follows an MBO, backed by private equity form Endless,in August 2017.
To support the projects, the company has also increased its headcount by recruiting 20 new staff across engineering, manufacturing and sales roles. This brings its headcount to 80, with plans to bring an additional 40 jobs to the region within the next four years.
“Sewtec has had an exceptional first year following the MBO and goes into its second year of new ownership with real momentum. The company has a strong management team, a compelling proposition and enormous potential to expand further in its chosen markets both in the UK and internationally.”
“Endless is a transformational investor. Last year we were very excited about the opportunity to invest in an already very successful, longstanding Yorkshire business and to support the management team in transforming it into a more scalable operation. One year on, we are very pleased with what Mark and the team have achieved so far and remain excited about the future of Sewtec.”