By Bill Gleeson, Daily Post
A high-technology business has moved from Windermere to Merseyside to take advantage of substantial backing from Merseyside Special Investment Fund. PAV Data Systems expects that the expansion will result in around 30 new jobs on Merseyside over the next three years
PAV designs and manufactures free space optical (FSO) equipment. The company sells its products in over 40 countries to some of the world’s largest communications giants and has offices in the Middle East, Asia and Africa.
The company was formed only two years ago and has yet to file accounts at Companies House. It refuses to disclose its current sales, except to describe them as multi-million pound. Turnover is expected to treble over the next three years as a result of the investment. MSIF agreed to invest £1m last May. Under the terms of the deal, the company was required to move to Merseyside within 12 months.
FSO technology uses lasers to provide instant, high speed wireless communications links to a local networks at low cost. One of the fastest growing areas of communications, FSO is a line-of sight technology providing high bandwidth connections in which voice, video and data information can be sent and received simultaneously on invisible beams of light. The firm says it is an ideal solution for wireless connectivity between buildings, with a range from 100 metres through to three kilometres.
The company says it has the largest FSO base across the globe, together with a customer base that includes Toyota, Total Elf, Boeing, Emirates Airlines, SG bank, universities and government departments.
The company has moved to premises on the North Mersey Business Centre in Knowsley. Chris Emerson, managing director of PAV, said: “We know that usage of FSO technology is soaring. We have created an affordable, proven and practical broadband wireless solution and are delighted that our business can enjoy this growth on Merseyside.”
Legal advisers acting for MSIF and PAV were Mark Rathbone of Brabners Chaffe Street and Paul Jefferson of DLA respectively. Financial due diligence was undertaken by Andy McCall of Langtons. Warrington-based Dow Schofield Watts were the corporate finance advisors acting for PAV.