£1.95 million funding boost for Dyer Engineering

Posted on 01 Feb 2019 and read 963 times
£1.95 million funding boost for Dyer EngineeringCounty Durham-based Dyer Engineering — a specialist in the machining and fabrication of complex metalwork and components for the rail, marine, power, automotive and offshore sectors — has secured £1.95 million of funding from Maven Capital Partners.

This will support the company’s growth plans and help it to exploit new opportunities in multiple industries. Dyer Engineering’s three divisions offer a full range of services, from initial design to product manufacture.

BatchLine makes high-integrity metal components for the automotive and rail sectors; TechProjects fabricates complex larger structures — from design concept to production — for the oil and gas and renewable-energy sectors; and JobShop provides repair and maintenance engineering services to support customers’ in-house manufacturing and process operations.

Several of the markets served by Dyer Engineering are experiencing growth, with rail in particular being a very active sector at the moment (underpinned by Government funding).

The company’s customer base includes Hitachi Rail, Siemens, BAE Systems, Cummins and Nexus.

Graeme Parkins, managing director (www.smarterstrongertogether.com), said: “We are absolutely delighted to have received this investment in our company.

"We have a vision to create a world-class engineering business here in the heart of County Durham, providing world-class metal components and structures to our customers — and world-class jobs to our employees.”

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The Fastener Exhibition & Conference EMO 2019 TCT Show 2019 TOOLEX 2019 Northern Manufacturing 2019 MTA Hanoi 2019 Advanced Engineering 2019 Metalex 2019 Machine Tool Indonesia 2019 Steelfab 2020 WIN Eurasia 2020 Shenzhen International Machinery Manufacturing MACH 2020