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Renewable Technical Services Ltd

Catapult has completed a £900,000 investment into Northamptonshire-based Renewable Technical Services Ltd (“RTS”), a young dynamic company operating in the renewable wind energy sector. The transaction was led by Richard Bucknell and Ben Bolt of Catapult Venture Managers, and supported by Richard Medd of Browne Jacobson LLP in Nottingham.

RTS, headquartered in Kettering, is an engineering solutions provider, delivering installation, inspection and maintenance services to wind turbine manufacturers, wind farm developers and power generators. The company is at the forefront of an emergent sector of independent support service providers, employing innovative approaches to service the needs of its international clients, and increasingly looking to embed itself as a core long term service partner.

The investment will be used to accelerate the company’s recent growth, through commitment to the development of technology-enabled inspection and repair techniques, and gearing up the company’s internal resources to continue to deliver on the increasingly significant commercial opportunities being explored.

This is Catapult’s seventh transaction of 2010, and reflects the recognition of the Renewable Energy sector as an area set to enjoy long term sustained growth, and where the firm expects to see enhanced investment activity in the future.