Coventry robotics firm secures €1.4 million deal to enter Spanish market

Expert Technologies Group, a Coventry-based manufacturer specialising in robotic assembly systems and industrial automation, has successfully secured a major contract in Spain. This deal marks the company’s first project in the Spanish market, following €1.4 million in financing support from UK Export Finance (UKEF) and NatWest.

The company, which supplies major UK-based original equipment manufacturers (OEMs), will be working with Sumitomo Electric Bordnetze (SEBN), a global supplier for the automotive industry. The project involves the design and delivery of two automated auxiliary harness assembly lines for electric vehicles at SEBN’s Spanish facility.

The financing support from UKEF provided Expert Technologies Group with access to working capital, ensuring the company can deliver on this significant contract. The deal supports up to 10 jobs within the group, further reinforcing its position in the global automotive supply chain.

Angelo Luciano, CEO of Expert Technologies, commented:
“The support we received from UK Export Finance has allowed us to successfully be awarded the project with SEBN, who are a new customer to ourselves; we look forward to developing the relationship further. This is the first project we have been awarded in Spain since both Brexit and COVID, and we hope that it is a catalyst for further projects in mainland Europe.”

Fiona Begley, Export Finance Manager at UKEF, added:
“The Midlands is still renowned as a centre of excellence in manufacturing, with businesses like Expert Technologies Group playing a key part in the global automotive supply chain. Support from UK Export Finance means that once again, a UK innovator has been able to take a leap towards new markets and new clients, secure in the knowledge that it has the right financing.”

Duncan Ruffle, Trade Finance Director at NatWest, said:
“We are delighted to be able to support Expert Technologies Group with a trade finance facility backed by UKEF to venture into a new market. This facility is a prime example of how NatWest helps businesses in the region and promotes growth in international trade.”

This support from UKEF follows earlier grants from Innovate UK, which backed Expert Technologies’ work on decarbonisation in the automotive industry.

Image sourced from PIRO from Pixabay and by Claude AI