Astute Electronics is rolling out a slate of investments as part of a growth strategy to take the company to £100m sales.
It has started moving into a 60,000 sq. ft. facility in Stevenage which will house all aspects of the company’s business.
An investment in the millions of pounds will see offices and warehouse kitted out with new equipment. Sales, marketing and admin functions are already in situ.
The warehouse and component test departments will move in by the end of the year.
The headcount will also increase as the company continues to grow its franchised distribution presence.
In this year alone deals have been signed with Amphenol, C&K Switches, EDAC and Euroquartz.
“We have a growing business in the industrial distribution sector,” explains Susan Jacques, Astute’s Business Development Director. “We are making a big investment in people, bringing in experienced technically qualified people.”
The industrial business will run alongside Astute’s original focus on the military aerospace market.
“Military/aerospace sector will continue to be a big part of what we do,” explains. “It represents 80 per cent of the business.”
Astute has also recently founded a memory division, which is headed up by industry veteran, Mick Martin. It has already agreed Reseller-Supply deals with Alliance Memory and Innodisk and has access to Intel parts as an Intel Gold Technology Partner.
Jacques is also overseeing the installation of a new ERP (Enterprise Resource Planning) system which will put Astute’s global business on one business platform.