We are pleased to announce that we have secured backing from the Midlands Engine Investment Fund (MEIF) to help us expand in response to the requirements of the changing and fast growing rail industry.
The funding will enable us to expand our resources and capabilities, helping us to bid for larger contracts and respond to the anticipated enhancements of the railway industry expected in the coming years.
CEO Craig Purcell said: “Our partnership with Midven and consequent investment is a fantastic opportunity for Fenix to move forward and to strengthen ourselves as the market leader for depot control in the UK.
“Fenix is at an exciting stage of company growth with our innovative depot control systems and point machine.
“This partnership will give us additional financial strength – enabling us to explore more opportunities and accelerate our growth. It will also help us to fulfil more customer requirements and further strengthen Fenix Rail Systems’ brand as the future in depot control.”
Surjit Kooner, Midven Director, says: “Fenix demonstrated its ability to deliver advanced depot control systems at Howdon and Feltham on limited resources. With several high-profile projects in the pipeline for 2021, we believe Fenix can rapidly accelerate growth with access to the right resources.
“Given the reputation of the company, experience of the management team and the pipeline of potential opportunities Fenix is uniquely positioned to help support the expected upgrade in railway infrastructure.
“We are excited to work with a high-potential business as it looks to accelerate its growth.”
Fenix Rail Systems is an experienced and trusted provider of high-quality depot control systems and mainline signalling services working extensively across Britain’s railways.