ETL Systems has received a significant investment from CBPE Capital to support the company's growth plans — the business is embarking on further expansion, designed to take advantage of positive market drivers in the satellite industry and solid industry conditions.
ETL serves various end markets including broadcasting, energy, defense, government and maritime and has a distinguished track record of growth and technological innovation in support of its international client base. The company is the recipient of multiple industry accolades, including three Queens Awards in recent years.
Ian Hilditch, CEO of ETL Systems, said that the company is excited to welcome the team from CBPE Capital, who will add a new level of support and experience to help the firm to grow the global customer footprint and accelerate bringing new technologies to market. CBPE has a proven track record within the technology sector, having partnered with some great companies. ETL is building on an impressive track record of growth of its range of RF distribution products, which are manufactured at the company's purpose-built facility near Hereford, UK. More than 80 percent of their products are sent to satellite customers around the world.
Jolyon Latimer, Partner at CBPE, added that ETL is an excellent company with a reputation for product quality and innovation, a blue-chip international customer base and is led by a strong management team. The business operates in the attractive and growing satellite communications market and is well placed to capitalize on the opportunity ahead of it.
