Private equity firm YFM Equity Partners has invested £1.5 million in e2E Engineering, a technical consultancy.
The company e2E operates in the telecommunications market and has particular expertise in satellite communications. It was established in 1999 and is based in offices in Welwyn Garden City and Gateshead.
With support from the European Space Agency and Innovate UK, e2E has developed a range of products and services aimed at solving communications-based problems in the telecommunications industry.
The investment from YFM will be used to commercialise and launch the first of these products, NEATaccess, an innovative communications node.
The company will continue to be led by Barry Ross, Eliot Minn and Chris Clarke, who founded the business together. As part of the deal Mark Hurley will be joining the e2E board.
Andy Thomas, Investment Director at YFM, said: “We were attracted to this opportunity due to the strength of the long-established management team and the exciting, unique technology that they had developed over recent years. NEL Fund Managers introduced the deal and it was particularly pleasing to work with both them and local advisers to help bring this deal to completion.”
Barry Ross, CEO at e2E, added: “The telecommunications and satellite communications market is rife with opportunities at the moment, given the complex networks and ever-expanding communications channels on offer. At e2E we have proven experience of developing bespoke and successful solutions and, with YFM’s support we look forward to launching these to the wider market.”