Warwickshire rail consultancy on monitor after receiving MEIF funding
Fenix Rail Systems, based in Stratford-upon-Avon, has received new financial support from Midven through the Midlands Engine Investment Fund (MEIF).
The investment is intended to support the company’s ongoing operations and growth aspirations, and allow Fenix to bid on larger orders and respond to the anticipated improvements in the rail industry that are expected in the coming years.
Fenix is a provider of high quality rail depot control systems and trunk signaling services that use the latest technology to ensure maximum safety, reliability and efficient costs.
Fenix Rail Systems is the only provider of the Train Depot Control Solution called Tie-FenLock. The systems are computer-aided and adaptable to new train systems. The innovative Depot Control Solution reduces the workload and increases safety and efficiency in a train depot or facility.
The company has also developed a bespoke depot signaling solution that allows the system to be integrated with any UK based trunk signaling system.
Craig Purcell, CEO of Fenix Rail Systems, said: “Our partnership with Midven and the resulting investment is a fantastic opportunity for Fenix to move forward and strengthen us as the market leader in depot control in the UK. Fenix is in an exciting phase of company growth with our depot control systems and the innovative dot machine.
“This partnership will give us additional financial strength that will allow us to accelerate our growth and explore more opportunities in depot management. This will help us realize our full potential and promote the Fenix Rail Systems brand as the future in depot management to further strengthen. “
Surjit Kooner, Midven Director, said, “Fenix has demonstrated its ability to deploy advanced depot control systems in Howdon and Feltham with limited resources. We believe that with several high profile projects in the pipeline for 2021, Fenix can quickly accelerate growth by having access to the right resources.
“Given the company’s reputation, management team experience and the pipeline of potential opportunities, Fenix is uniquely positioned to support the anticipated rail infrastructure modernization. We are excited to be working with a potential Warwickshire company to accelerate its growth. “
