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'Waterless' washing machine group raising £40m for expansion

Discussion in 'Market News' started by Lily, Nov 12, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Xeros planning to roll out plastic bead technology in the Americas and Europe

    Xeros, a British technology group that specialises in “waterless” washing machines, has announced plans to raise £40m from shareholders for its further development.

    The group, which floated on London’s Aim market in March 2014 when it raised £27.6m, said the funds will help it maintain momentum as it rolls out its commercial laundry business in the Americas and Europe.

    Related: Xeros bead washing machine system set to save water and energy in the home

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