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Wright Industries invests in Protean Advanced

Wright Industries, the technology investment group specialising in business acquisition, investment and growth, have invested in Protean Advanced to bring Additive Manufacturing expertise into the Connexion Technologies group. 

Craig Wright commented: “The Connexion Technology group provides high-value manufacturing solutions for some of the world’s most technically demanding applications. Additive Manufacturing is a highly disruptive technology that will impact all areas of the Connexion Technology supply chain, from RF and microwave componentry to electronic products and mechanical assemblies. Our customers are looking for expertise in this area and we are ideally positioned to supply this.

Through the establishment of Protean Advanced we are developing expertise that will add value to our customers across the Connexion Technologies group. Our focus is to be their first choice when outsourcing, thereby we invest in innovation, process technology and people. Protean Advanced fits perfectly within Wright Industries’ portfolio and our team is delighted to be working in partnership with Sophie Hallett-Jones to deliver continuous improvements for the benefit of all stakeholders.”

Since starting Wright Industries from his own resources in 2011, Craig Wright’s entrepreneurial approach has created a group of companies with sales of £36m and £6m EBITDA. Such rapid growth has been achieved through investment in a number of light industrial technology and engineering businesses as part of a strategy to establish the UK’s leading electro mechanical engineering services group.

 

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