backed for expansion

PROVIDER of specialist engineering services to the maritime and energy industries, Avantis Group has been boosted with a major investment to support its international expansion plans.

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The Cardiff-based firm has secured strategic investment from funds advised by Leon Capital LLP, the London-based European private equity investment firm.

Chief executive Thomas David, chairman Chris David and the existing leadership team of Avantis will retain a controlling interest and operational control of the business.

They took over the business in 2022 following a management buyout that was part-funded by the Development Bank of Wales.

The latest investment reflect confidence in Avantis Group's market position, experienced management team, and proven ability to deliver engineering solutions in complex and mission-critical environments.

Thomas David said: “This strategic investment marks an important milestone for Avantis Group.

“We were deliberate in selecting a partner that understands our industries and aligns with our long-term vision. This capital strengthens our platform and enables us to pursue growth opportunities while maintaining the independence and culture that define our company. We remain grateful for the support provided by the Development Bank of Wales in funding our management buyout in 2022, which gave us the opportunity to build the foundations for this next stage of growth.”