BOXARR receives additional £2m growth support funding
The funding, which is being provided by existing shareholder IP Group plc and new investor Parkwalk, means that BOXARR can significantly accelerate its growth plans. This will enable extended geographical reach as well as advances in product functionality to meet new customer requirements while enhancing service and support for all customers.
BOXARR will remain focused on the aerospace and defence sector where its solutions are already embedded and delivering value in manufacturers such as Airbus, Boeing, Raytheon, Rolls Royce, Siemens and the US Navy.
Alasdair Pettigrew, Chief Executive of BOXARR Ltd, said: “BOXARR has been successful because we are the only solution that really works for vastly complex aerospace and defence projects. There are enormous opportunities for growth and this new investment will help us to realise our plans. It is particularly pleasing that IP Group has added funds and we are delighted to welcome Parkwalk as a shareholder.”