Sigmavision Receive Major Investment

Sigmavision

Sigmavision Ltd is announcing a major investment in its business from new funding partners. A consortium, led by Mercia Fund Managers, has completed a major investment with the option of substantial follow on funding in Sigmavision.

Major Investment in Sigmavision

The investment represents a significant opportunity for the global automotive aftermarket to benefit from Sigmavision’s patented 3D tyre measurement technology. Most importantly, deployed funds will scale production capacity to meet increasing demand. The investment will also develop a global sales and aftersales support network, and accelerate product development.

Dr Andrew Pryce, Sigmavision’s Managing Director, comments “Mercia set the bar very high, so we are incredibly proud to qualify for their investment. In addition, we are excited to have found a finance partner who can deliver significant follow on funding. This will be important, as we grow our business on a global scale”.

 

About the author

Richard Wilson is the deputy editor for Commercial Tyre Business. Since 2015, Richard has worked as a correspondent for all of the titles across the Valebridge Publications Ltd Group namely: Retreading Business, Tyre & Rubber Recycling, The Tyreman and Truck and Bus News. Richard has worked on/off from the age of 16 for the company and whilst gaining a Bachelor's Degree in Spanish and Business Studies at Coventry University, he developed his writing skills at the University paper and more recently writing his own independent blog.

Contact: richardjwilson@btconnect.com

Phone: (44) 1270 668 718

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