Mercia Technologies PLC has completed a £1.5million follow on investment into Impression Technologies (ITL). This investment is part of a £3.0million funding round with co-investor Touchstone Innovations and as a result, Mercia's interest in the share capital of ITL increases from 18.2% to 26.4%.
Based in Coventry, ITL has been commercialising a novel forming process initially researched at the University of Birmingham and subsequently developed and spun out of Imperial College. It has a patented technology called Hot Form Quench (HFQ®) for pressing strong, lightweight aluminium components for the automotive sector.
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