UK - Finance Wales reaps 25% IRR through Abriox buy-back

Newport-based Abriox provides oil and gas companies with specialist equipment to remotely monitor the condition of their transmission and distribution networks. Its products are installed on new gas pipelines in the UK and the company has also won contracts in the United States, and is now expanding into Europe and the Middle East.

Finance Wales invested £125,000 in the company in its early stage of development to support the commercialisation of the Abriox system in the UK and its expansion into new international markets.

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