A West Sussex-based world leader in high power laser technology is set to accelerate its growth and create new jobs following an injection of investment capital from Andritz AG, the global leader in the supply of plant, equipment and services to industry.
Powerlase Photonics, which is headquartered in Crawley with offices in Florida and Michigan, approached EMC to help source the funds following the company’s 2016 acquisition by Powerlase Holdings led by Dr Young Kwok.
A twin process of seeking development capital from investment firms alongside strategic partners was undertaken, resulting in Andritz, which is also a customer, being selected as the preferred party.
Dr Young Kwok said: “I am delighted with the outcome. Michael Pay and the team at EMC provided insightful recommendations throughout the process as well as reworking the entire business plan to be more agile. Their input was key to the successful outcome.”
Michael Pay added: “It has been great fun working with Young and his team. Partnering with a global leader like Andritz will accelerate the growth of the business, resulting in more skilled jobs being created at the development facilities in Crawley.”
Solicitors ASB Law and accountants Carpenter Box worked alongside EMC to advise Powerlase.
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