Simworx, a UK-based producer of amusement park attractions, has received £4.5m ($7m) from Business Growth Fund (BGF), the growth equity fund backed by five UK banks, the Daily Telegraph has reported.
Founded in 2005, Simworx designs and creates 4D effects cinemas and theme park rides for use in theme parks, museums, zoos, aquariums and family entertainment centres.
Part of the investment will be used to acquire UK-based amusement park ride designer RoboCoaster, for an undisclosed sum. The two companies previously signed a development and sales partnership in 2013.
Terry Monkton, managing director of Simworx, said: “We will continue to focus on delivering technical excellence and this funding allows us to be even more adventurous and innovative with our research and design, with several new products in development.”
– Image courtesy of Simworx