Manchester-based Adxba, a company which designs and delivers high-impact digital displays, has secured a multi-million investment from independent asset manager BOOST&Co.
The funding enabled the business to acquire Astra Signs, a manufacturer of architectural signage and print, as well as create new jobs throughout the UK.
Astra Signs was a long-standing partner to Adxba and the companies say its acquisition has provided security at a time of significant growth.
The acquisition, which is the company’s first, has made the combined business, which going forward will be branded Astra Group, one of the leading full-service providers of signage solutions in the UK.
“The business has recently experienced a period of significant growth and the creation of our new group entity will further accelerate our growth ambitions,” said Jim Kerr, newly appointed chief executive at Astra Group.
“The team will be expanding, and we are passionate about creating additional jobs and adding more talent to the business. The BOOST&Co team has been a pleasure to work with and this funding will enable us to take the next step on our growth journey and ensure that we have the supply to meet increasing demand for our services.”
Adxba supplies its products to digital-out-of-home advertisers, transport hubs, sports stadia and live entertainment arenas. The company handles the entire process from design to installation and continued maintenances.
Notable projects include working with Manchester Airport on its transformation of Terminal 2 and provision of displays to The Trafford Centre, Gatwick Airport and BT. The business is also pursuing international expansion.
Adam Brinn, head of London and East at BOOST&Co, added: “It is a really exciting time for the team at Adxba and Astra Group and our funding has enabled the business to make a significant growth development with the acquisition of Astra Signs.
“This will bring a number of benefits to the company, ensuring security of supply and enabling it to take on further projects, as well as add to its growing team. We look forward to seeing the new group continue to go from strength to strength as it further establishes its presence in the sector.”