By Daniel Hunter
Regenersis plc, the technology outsourcing company, is planning international growth after securing a new funding facility with HSBC’s Corporate Banking team in the Midlands.
Under the new agreement, HSBC will provide a £20 million revolving credit facility to enable Regenersis to grow its business both organically and through acquisition, with a particular focus on overseas emerging markets.
Regenersis appointed HSBC as its sole banking partner in the UK and Europe in May 2011 and this new facility further strengthens the relationship between the two organisations.
Regenersis acts as a strategic outsourcing partner to some of the world’s leading consumer technology companies, working with products including mobile phones, televisions and set-top boxes, computer equipment and security-sensitive technologies, such as ATMs and Chip and Pin terminals. The company provides services including screening and diagnostics, technical repair and customer contact service centres. Regenersis boasts a client roster including Orange, Virgin Media, CPP, Nokia, LG and Samsung.
Regenersis has already expanded its international operations from five to seven countries during the past 12 months and currently operates in the UK, Germany, Poland, Romania, South Africa, Turkey, Sweden and Russia. It is seeking to capitalise on strong growth opportunities in emerging markets where the use of mobiles, smartphones, set-top boxes and other technology equipment is proliferating.
In addition to concentrating on growth in emerging markets, the company is developing its ‘advanced solutions’ business, which includes the in-home diagnosis of set-top box faults, with some significant contract wins, as well as developing its niche product focus.
“We are entering an exciting phase and have identified excellent growth opportunities in key emerging markets. Working with a banking partner that understands trading internationally is essential for us and that is why HSBC is a natural fit with our business," Jeremy Wilson, Regenersis Chief Financial Officer, said.
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