Needham Group unveils £30m expansion blueprint
A family-run technology company is setting its sights on an ambitious growth plan that will see it target £30 million in sales.
Needham Group, which operates three specialist laser, coding and ink technology businesses, has launched an expansion blueprint that will see it more than treble revenues between now and 2025, with the possibility of creating 30 new jobs in the process.
Founded by Roger Needham in 1962, the firm is looking to achieve this target by boosting export activity across its three divisions, increased investment in marketing, extending distribution networks and developing capacity to take on more bespoke projects.
The management team, now led by managing director Aled Ellis and chairman David Needham, is also eyeing several strategic acquisitions that will allow it to increase its capabilities in its core technologies.
“We are continually talking about the fact that the UK does not commercialise enough of the amazing Intellectual Property (IP) we develop – well, we’re trying to change that with the launch of these latest expansion plans,” said Aled.
