Olsen Actuators & Drives

“The NPIF II funding from FW Capital is helping us to fulfil a significant number of new contracts, expand our engineering team and invest in key research and development projects. Laura Rees at FW Capital was there for us throughout the funding process.”

Piers Olsen, Chairman, Olsen Actuators & Drives

Olsen Actuators & Drives secured an initial £700,000 investment boost to support significant growth from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II. 

This investment helped the Cheshire-based company to fulfil a number of new contracts secured with blue chip names and the creation of six new jobs.

Olsen Actuators & Drives is a market leader in actuator technology and was established in 2004 by Piers Olsen, a mechanical and manufacturing engineer with over 30 years of automation, actuators and electrical drives motion control experience.

During the last 20 years, the company has built a reputation for delivering high performance advanced electro-mechanical systems, including customised patented electric actuators combined with power electronics and software. 

Custom projects include high profile applications including manned primary flight controls in aerospace, for example, the prototype VX4 Vertical Aerospace Fully Electric EVTOL Aircraft/air taxi, and robotics, as well as supplying products and sub systems into defence, mobile equipment, Space, subsea, civil aviation, power generation and marine sectors.