Robotics firm wins multi-million pound Spain deal
A Coventry robotics firm has won a "multi-million pound" contract in Spain to deliver automated assembly lines for electric vehicles.
Expert Technologies Group, which has a base on Sayer Drive, will be working with Sumitomo Electric Bordnetze (SEBN), a global supplier of automotive parts.
CEO Angelo Luciano said it was the first the firm had been awarded in Spain since Brexit and the Covid pandemic.
The business, which designs and delivers robotic assembly systems and other special automation machinery, now hopes to deliver further projects in mainland Europe.
He added that a government export credit agency helped secure the deal, which supported up to 10 jobs.
"The support we received from UK Export Finance (UKEF) has allowed us to successfully be awarded the project," he said.
UKEF support allowed the firm to access over a million pounds in working capital from NatWest bank to help deliver the contract, the government agency said.
Export finance manager Fiona Begley said businesses like Expert Technologies Group played "a key part in the global automotive supply chain".
UKEF support meant the innovator could "take a leap towards new markets and new clients, secure in the knowledge that it has the right financing", she added.
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