in General

From November 2011, the TecExec laboratory will move from its existing industrial unit in Denton near Manchester to a new unit three times larger in Hadfield.  Conveniently, this is much closer to the main offices of TecExec, which remain in Glossop.  Commenting on the move, Operations Director Peter Brown said, “we are delighted to make this long overdue move which allows us the room to expand our range of operations and the size of projects we can take on.  We managed to secure the last unit in the complex on excellent terms and we look forward to starting the fitting-out next month.”

The new unit is located in the Graphite Way development in Hadfield, Derbyshire and has a floor area of 175 sq.m without mezzanine.  Some of the space will be used temporarily by subsidiary Maelstrom for customer trials and testing of its fluid mixing machines.

in General

In recognition of its evolved strategy of creating new technology-focused businesses, TecExec has given its website a make-over to explain more clearly what it does and how it adds value to its various stakeholders.  The new site also allows TecExec to be far more proactive in reaching out to potential partners using social media so that it maintains a pipeline of quality investment opportunities that make use of its unique process technologies and know-how.

in Personnel

Since being released from operational involvement in Watson Brown HSM Ltd. as CEO, David Brown has been working on new opportunities for building technology-based businesses in TecExec.  His talents and enthusiasm in this area have led the Board to ask David to take the Business Development Director role on a full-time basis.  He will now spearhead the research and development of new opportunities, particularly ones which leverage existing technologies within the group.  Supported by other member of the TecExec team, David’s target is to generate and launch two to four new businesses per year.

From the 31st March 2011, TecExec has withdrawn from operational involvement with the Watson Brown HSM business although it retains a substantial shareholding in the business.  This has freed David and Chris Brown to pursue the original strategy for TecExec, which is expected to result in strong growth for the group over the coming years.

From its formation in 1992, TecExec has been focused on building technology-based businesses using its combination of technical and executive management skills.  By 2000, it had two subsidiary companies in its portfolio but a condition of obtaining finance for these companies was that TecExec needed to provide strong management involvement and commitment.  This made it very difficult to explore other business opportunities and essentially limited the growth potential of TecExec itself.

” Now that we are able to spend more time identifying and pursuing new business opportunities, we can at last return to the original strategy for TecExec whilst keeping all stakeholders satisfied”, said David Brown.  “We are already looking at several exciting possibilities, some of which will make use of existing technologies in the Maelstrom portfolio”.

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