# £3m co-investment into Impression Technologies
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-04-19
Category: TECHNOLOGY
Category URL: https://financedigest.com/category/technology
Meta Title: Mercia Technologies PLC completes £1.5 million follow-on
Meta Description: Mercia Technologies PLC announces a £1.5m investment in Impression Technologies Ltd to support commercial adoption of HFQ® technology in automotive sector.
URL: https://financedigest.com/3m-co-investment-into-impression-technologieshtml

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National investment group [Mercia Technologies PLC](https://link.email.dynect.net/link.php?DynEngagement=true&H=eD76f58HlUnRmzbPZf5yw%2B7LSgBzaQg0S1071ajiM0VK9rmBWpxqVLLakR3Beos3oFSeitqrTjnXKBLU2gP1UNLXekxTIZZ1%2BekwAGqnfWH5QhHk4HreWw%3D%3D&G=0&R=https%3A%2F%2Fwww.merciatech.co.uk&I=20180418060049.0000009904da%40mail6-96-usnbn1&X=MHwxMDQ2NzU4OjVhZDY1OTM3MzhhNDdiMzIwOTU2ZWVlZDs%3D&S=n49Jcw2SYY5fWgsL6uiH-rTrERyKryp7eXZarv8XLnM) is pleased to announce that it has completed a further £1.5million follow-on investment into Impression Technologies Ltd (ITL), a leading developer of advanced aluminiumlightweighting  technology. The investment is part of a £3.0million funding round with co-investor IP Group plc.

This latest investment will enable ITL to build its commercial and operations team to support the continued commercial adoption of its Hot Form Quench (HFQ®) technology by a growing pipeline of global automotive original equipment manufacturers (OEMs) and Tier 1 suppliers. The company has made significant progress in the last 12 months in developing its HFQ® partnership and licensing model.

![Impression Technologies' Hot Form Quench™ (HFQ®) press in action](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/quench-1736842826297-compressed.jpg)

Impression Technologies’ Hot Form Quench™ (HFQ®) press in action

ITL, which is based in Coventry, has developed a unique patented technology called HFQ® for the mass production of complex, deep drawn, high strength aluminium structures for use in the automotive, aerospace, rail and [industrial sectors](https://www.financedigest.com/expansion-in-manufacturing-sector-has-increased-demand-for-industrial-cooling-system-market.html "Expansion In Manufacturing Sector Has Increased Demand For Industrial Cooling System Market").

Following the opening of the world’s first HFQ® production facility in October 2016, the company is already supplying around 25,000 components every [year to high-profile manufacturers](https://www.financedigest.com/the-next-upcoming-years-to-see-the-oral-solid-dosage-contract-manufacturing-market-integrating-constructive-innovation.html "The Next Upcoming Years To See The Oral Solid Dosage Contract Manufacturing Market Integrating Constructive Innovation"), including Aston Martin and Lotus Cars. ITL is also in discussions with a number of other [global automotive](https://www.financedigest.com/global-automotive-brake-system-market-is-expected-to-witness-a-rise-of-3-cagr-between-the-forecast-years-of-2020-2030.html "Global Automotive Brake System Market is expected to witness a rise of 3% CAGR between the forecast years of 2020-2030") brands and recently secured significant grant funding of £9.6million as part of a leading consortium including Gestamp Washington UK Limited (a wholly-owned subsidiary of Gestamp Automoción, one of the world’s largest suppliers of automotive components).

![Outside of Impression Technologies' facility, located on the former site of the Jaguar factory in Lyons Park, Coventry](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/facility-1736842826377-compressed.jpg)

Outside of Impression Technologies’ facility, located on the former site of the Jaguar factory in Lyons Park, Coventry

**Jonathan Watkins, ITL’s Chief Executive said:, said:**

_“We are grateful for the continued support of our principal investors. This investment will enable the company to establish HFQ® Technology as a [global standard and the aluminiumlightweighting technology of choice for high-volume automotive applications](https://www.financedigest.com/global-automotive-fuel-nozzle-market-by-manufacturers-countries-type-and-application-forecast-to-2031.html "Global Automotive Fuel Nozzle Market By Manufacturers, Countries, Type And Application, Forecast To 2031") worldwide.”_

**Dr Mark Payton, CEO of Mercia Technologies PLC, said:**

_“ITL typifies Mercia’s proactive, patient [approach of supporting regional businesses initially via its managed funds](https://www.financedigest.com/private-equity-funds-approach-italys-serie-a-to-explore-media-rights-deal-sources.html "Private equity funds approach Italy’s Serie A to explore media rights deal -sources"), before selectively scaling emerging stars via Mercia’s balance sheet capital. It is our privilege to continue to support Jonathan and his team as they seek to disrupt this attractive and [growing global](https://www.financedigest.com/fish-based-pet-food-market-to-surpass-us-16213-2-mn-as-demand-for-pet-food-with-high-nutritional-value-grows-globally.html "Fish Based Pet Food Market to Surpass US$ 16,213.2 Mn as Demand for Pet Food with High Nutritional Value Grows Globally") market.”_


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