GeoSLAM secured £1.4m from the National Debt Fund to support a merger transaction with 3D Laser Mapping Ltd, and further develop its 3D mobile mapping and monitoring technology.
Best known for its range of hand-held laser 3D mapping devices and accompanying software systems, GeoSLAM’s products are used across the globe to survey complex environments such as mines, tunnels and caves. The company has experienced strong growth since its launch in 2012 and now sells its technology to over 80 distributors in more than 60 countries.
Shelley Copsey, CEO at GeoSLAM, said:
“We are an incredibly ambitious organisation and our recent merger, supported by this investment, has meant we are now able to use our combined experience in international distribution, innovation and R&D to deliver the next generation of products to clients in an incredibly wide portfolio of industries.
“The launch of ZEB-HORIZON in particular is set to revolutionise how SLAM contributes to a businesses’ data collection, and I know the next few months are going to bring tremendous international growth.”
Investment fund - Growth Capital