Helping a £7.5m glow-up for radiation & bio-detection tech specialist Kromek Group PLC

31/05/2023

We're delighted to have helped Durham-based Kromek Group PLC, a radiation and bio-detection technology company focused on the medical imaging and nuclear markets, with its Placing and Open Offer raising approximately £7.5m net of expenses. Net proceeds will be used for development and working capital for computed tomography, to invest in productivity and efficiency of CZT manufacturing, to expand sales and marketing for the group’s medical imaging and nuclear security activities including biological-threat detection and to strengthen the balance sheet.

Congratulations to Kromek and our thanks to wonderful clients finnCap and Hill Dickinson.

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