Specialist engineering firm FPE Global has secured a further £1m funding from private equity firm NorthEdge Capital to invest in a new state of the art test centre.

FPE Global, which offers, bespoke materials handling processing systems, standard products and a host of after-market capabilities, is developing its strategy to be an end-to-end solutions provider in the bulk materials handling industry.

The company recently relocated its headquarters to Cheadle to increase the size of its production facility and support its ambitious expansion plans. The latest round of funding will be used to develop FPE’s testing capabilities, allowing the firm to conduct trails for customers and keep it at the forefront of innovation.

NorthEdge Capital, the private equity firm focused on backing businesses in the North of England, acquired a majority stake in FPE Global in February 2013.

Jeremy Booth, Sales Director at FPE Global, said: “By constantly developing our customer insight, it has enabled us to tailor our products and services to meet the evolving needs of the markets we serve. We pride ourselves on offering knowledge-based solutions to clients on a global scale and work in partnership to help them achieve their goals, which is essentially to increase production and reduce costs.”

Phil Frame, Investment Manager at NorthEdge Capital, added: “The latest round of funding demonstrates our continued commitment to support the company as it enters its next phase of growth. The new test centre significantly enhances FPE’s service offering whilst also adding value to its growing customer base.”