Rail consultancy on track for new growth following investment
Stratford-upon-Avon-based Fenix Rail Systems has secured investment to support the company as it bids for larger contracts.
Fenix provides rail depot control systems and mainline signalling services.
It is the sole provider of the Train Depot Control Solution called Tie-FenLock. The systems are computer based and adaptable to new train facilities.
The Depot Control Solution reduces workload and increases safety and efficiency within a train depot or facility.
The company has also developed a bespoke depot signalling solution that enables the system to be integrated with all UK-based mainline signalling systems.
The investment was provided by Midven through the Midlands Engine Investment Fund (MEIF).
Craig Purcell, CEO at Fenix Rail Systems, said: “Our partnership with Midven and consequent investment is a fantastic opportunity for Fenix to move forward and to strengthen ourselves as the market leader for depot control in the UK.
“Fenix is at an exciting stage of company growth with our depot control systems and innovative point machine.
“This partnership will give us additional financial strength, which will enable us to accelerate our growth and explore more opportunities in depot control, helping us to fulfil our full potential and furthermore strengthen the Fenix Rail Systems’ brand as the future in depot control.”
Surjit Kooner, Midven director, said: “Fenix demonstrated its ability to deliver advanced depot control systems at Howdon and Feltham on limited resources. With several high-profile projects in the pipeline for 2021, we believe Fenix can rapidly accelerate growth with access to the right resources.
“Given the reputation of the company, experience of the management team and the pipeline of potential opportunities Fenix is uniquely positioned to help support the expected upgrade in railway infrastructure.
“We are excited to work with a high-potential Warwickshire business as it looks to accelerate its growth.”