What is Altec Engineering?
Founded in 1978 and headquartered in the North East of England, Altec Engineering Limited is a comprehensive provider of mechanical and electrical engineering support, alongside advanced CNC precision machining services. The company serves a diverse array of markets and industries across the United Kingdom. Altec's capabilities extend to the design and fabrication of jigs, fixtures, and specialized equipment. Furthermore, it operates as a system integrator for cutting-edge technologies, including robotics, laser systems, and pressing technologies, partnering with leading industry suppliers. Over its 35-year history, Altec Engineering has cultivated a strong reputation for engineering excellence, driven by continuous investment in state-of-the-art design and manufacturing technologies, and a commitment to employee training and development. This strategic approach ensures Altec maintains its position as a trusted supplier and partner in the engineering landscape.
How much funding has Altec Engineering raised?
Altec Engineering has raised a total of $9.3M across 1 funding round:
Private Equity
$9.3M
Private Equity (2015): $9.3M with participation from Business Growth Fund
Key Investors in Altec Engineering
Business Growth Fund
BGF, headquartered in London, United Kingdom, is the most active and influential investor in small and mid-sized businesses in the UK. An established and independent company, it supports a range of growing companies - early stage, growth stage, and quoted - across every region and sector of the economy.
What's next for Altec Engineering?
The recent major strategic investment in Altec Engineering signals a pivotal moment for the company, likely enabling further expansion of its advanced manufacturing capabilities and technological integration services. This capital infusion is expected to fuel innovation in areas such as automation and precision machining, reinforcing Altec's competitive edge. The company is poised to leverage this financial backing to deepen its market penetration and potentially explore new industry verticals, solidifying its role as a key player in the UK's engineering and manufacturing ecosystem.
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