Tech

“Green” tech company secures £ 20m of HSBCUK growth funding as part of AIM list-

After listing on the AIM London Stock Exchange on Thursday, July 22, Microlise, a leading provider of transportation management software to fleet operators, was developed with the support of the £ 20m revolving credit line provided by HSBCUK. Enter the next stage.

Based in Nottingham, Microlise is an award-winning company with approximately 350 employees and 500 staff worldwide at the Group’s headquarters in Nottingham. Microlise operates primarily in the United Kingdom and has offices in France, India and Australia.

To further strengthen our technology and R & D programs, the funds secured through initial public offerings (IPOs) provide the opportunity to provide targeted M & A to quickly track the growth of the company in new regions and market segments. To provide.

Microlise’s transportation management software helps fleet operators improve efficiency, safety and reduce emissions. This technology enables Microlise customers in the logistics industry to significantly reduce annual fuel costs and reduce greenhouse gas emissions.

Microlise will receive the London Stock Exchange’s Green Economy Mark at the time of approval for its proof of sustainability. This is a status that recognizes companies that earn more than 50% of their total annual revenue from products and services that contribute to the global green economy.

Nadeem Raza, CEO of Microlise, commented: “IPO allows us to accelerate our growth strategy as we embark on a new chapter as a publicly traded company. Our acquisition strategy continuously improves our technology and capabilities and reduces our environmental impact. However, you can bring out the profitability of your customers.

“Thanks to HSBCUK, especially Relationship Director Phil Carr and his colleagues for working closely with CFO Bill Wynn and Finance Director Nick Wightman throughout the process.”

Debbie Harper, HSBCUK Area Director of East Midlands, has been added: “An existing customer, Microlise, came to us with seamless funding requirements to help provide ambitious expansion plans across Europe. The company has both sustainability and finance. We provide customer-centric solutions to improve business outcomes from a perspective. This is very important in today’s situation. When a team embarks on this exciting growth period, we work with it. I’m looking forward to doing it. “

The law firm representing HSBC UK in all respects was Pinsent Masons, led by partner David Doogan and senior associate Oliver Morgan.

The Microlise platform is used by organizations that account for 88% of the UK grocery retail market share. Other customers include Culina Group, DFS, Hovis, MAN Truck & Bus UK, and Yodel.

The company won the Queen’s Award for International Trade in 2018 and Innovation in 2019.

“Green” tech company secures £ 20m of HSBCUK growth funding as part of AIM list-

Source link “Green” tech company secures £ 20m of HSBCUK growth funding as part of AIM list-

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