Santander has confirmed an eye-watering £2 million funding package to AES Global, a leading manufacturer of modern intercoms, headquartered in Northern Ireland. The funding package includes Trade and FX facilities and a Term Loan totalling more than £1.98m.
Full banking partnership
The manufacturer has also chosen Santander as its full banking partner to support the firm in its next stage of growth. AES Global specialises in producing a wide range of GSM global systems for mobile communications (GSM), wireless, IP, wired audio and video intercoms.
As a B2B supplier, the manufacturer provides products through its network of dealers and sales outlets across more than 40 countries worldwide, including Ireland, Australia and the US. Its US business has seen significant success, with c.28% growth annually.
Banking team's insight
Jamie Foulkes, Relationship Director, Santander Corporate and Commercial Banking, which has Birmingham branches, said: “We’re delighted that AES Global has chosen Santander as its long-term banking partner. Our team has worked to fully understand the business, its trade cycle and future growth requirements.
“It is an exciting time to be working together, and with a relationship focused approach, we have been able to provide a suitable product suite that is well matched to AES’s global focus and innovative proposition. We look forward to supporting the team on their next phase of growth.”
Company leadership perspective
Kyle Loughran, Managing Director, AES Global said: “This funding package marks another important milestone for AES Global. The additional funding gives us the flexibility to continue investing in our people, our products, and our infrastructure, while supporting the growth opportunities we see across our key markets.
“The Santander team took their time to understand the business, where we've come from, what we've achieved, and where we want to go next.
We are proud of what we’ve achieved so far and excited about the opportunities ahead. With the support of partners like Santander, we are well positioned to continue investing in the business, supporting our customers and delivering sustainable growth for many years to come.”
