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DFx Technology receives £1.2m investment to fund growth

26 August 2014 10.00 BST


(UK) - LED technology company receives £1.2 million private investment from venture capital firm.

DFx Technology Ltd, British designers and manufacturers of energy saving technologies, has received £1.2m cash investment from venture capital firm Percipient Capital.

DFx Technology has experienced very strong growth over the past years. It is increasing turnover by 25% year-on-year and establishing a strong reputation in both the global beverage dispense and commercial lighting markets, under their brands DFx Controls and Planetsaver LED lighting. The company intends to use the investment to help fund and consolidate the rapid growth it is experiencing.

As part of its growth strategy, the company will invest heavily in a new high-tech manufacturing facility to be based in Witney, Oxfordshire. In addition, the company will convert their current premises into a dedicated Engineering Centre of Excellence, designed to facilitate the development of the most advanced energy-saving technologies over the next ten years.

Chairman of DFx Technology, Dr. Alan Wyn-Davies, said of the investment, “We are extremely pleased to welcome Percipient Capital to DFx Technology. Percipient has a strong track record of funding and supporting high-growth companies, helping them to expand both in the UK and abroad. We look forward to working with them over the coming years.”

DFx Technology is a significant local employer, with over 60 full-time staff. DFx expects this number to rise substantially over the coming years.

Jason Gould of Percipient Capital said, “We are delighted to have made an investment into DFx Technology in order to help the business expand further. The company has developed a market leading set of products and technologies and we have been very impressed with the rapid growth evidenced over the last few years.
“Our investment will enable the company to invest in infrastructure, expand its operations and accelerate growth. The company already has an enviable client base, including major international groups, and the investment will ensure that the company can expand the rollout of these strategically important energy-saving technologies.”

DFx Technology engineers and manufactures all of its products at its ISO 14001 and ISO 9001 approved facilities in Oxfordshire.

www.dfxtech.co.uk

 

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