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BGF invests in fluid engineering company BHR Group

Investment news
17.07.2014.

BHR Group, the independent research and technology organisation specialising in the application of fluid engineering to industrial processes, is preparing for expansion thanks to a £2.6m investment of growth capital from BGF.

BHR grew out of the British Hydromechanics Research Association, one of the founding research associations established by the UK government in the 1940’s alongside the likes of MIRA and PERA. Current Managing Director Raghbir Chand took control of Cranfield University-based BHR in August 2011 and revenues have grown year on year since. BHR currently employs 84 staff; a mixture of scientists, engineers and commercial staff.

BHR has a well-established heritage, and is recognised globally for its engineering excellence and contribution to fluid dynamics, with a diverse cross-section of clients across multiple industries including Shell, DOW Chemical, Mott McDonald and Sellafield.

Projects range across the fluid mechanics sector, from processes involving the effective mixture of nano-fluids, to new product development and validation of advanced and high value engineering systems. BHR also offers integrated design, consultancy and project management solutions, such as city-wide integrated intelligent smart water systems design. BHR has clients operating in the renewables, oil and gas, chemicals, nuclear, water, power, and manufacturing sectors where fluid behaviour is critical to design performance and operational costs.

BGF’s investment in BHR will be used to grow the company’s core consultancy offering, as well as to support additional research and development, and the commercialisation of its own intellectual property and know-how. The new capital will also allow BHR to consolidate and expand into new markets, such as the Middle East where it’s knowhow and expertise is in great demand and key clients seek local presence for larger contracts and joint program deliveries.

BHR will also bolster its Board with the appointment of Michael Stevens as Chairman and Paul Winstanley as Non-Executive Director. Michael was formerly Chief Executive of Linx Printing Technologies, and currently serves on boards of Hydro International plc and Stratophase Ltd. Paul is the former President and CEO of QinetiQ’s USA presence, and is currently serving on the board of several early stage ventures including Alazen Ltd and Entrada Ltd.

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