The Customer:

The company is one of the world’s leading engineering and scientific technology companies, with expertise in precision measurement and healthcare.

The Challenge:

The company’s research and development department had an immediate requirement for a machine tool center, but were constrained by having no capital budget for its acquisition and the next round of budget allocations at least six months away.

Going beyond finance:

The Somerset team was able to work with the company’s procurement department in providing a short term lease facility that matched an already agreed small R&D budget, allowing for immediate acquisition of the asset and flexibility to structure its retention or return depending on subsequent commercial needs or budget allocation. The facility allowed the company to maintain its R&D timeline while still staying within existing budgets.

New machine tool center
Leading R&D company
Limited budget funds for immediate capital expenditure needs
Solution allowed for immediate acquisition of equipment
Maintained R&D timeline
Remained within budget guidelines

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