Deritend Industries, an industrial maintenance, service and repair group, has raised £2m in funding from Maven Capital Partners, a private investor which manages the Capital for Enterprise Fund (CfE Fund) – a government initiative to attract capital for UK businesses.
The investment, which was made by the CfE Fund, will support the company’s ambitious growth strategy that includes development of its energy efficiency consultancy services to industrial customers.
Deritend Industries is a maintenance services organisation, encompassing several specialist engineering operations within the group.
Deritend, the main company of the group, operates onsite electromechanical engineering teams and a nationwide branch network including engineering workshops placed strategically across the UK.
The group also includes a large UK based pre-formed windings production site, and other specialist engineering operations covering induction services, condition monitoring and machine tools services.