Foresight Group has announced a 拢4m growth capital investment into SAMP Technology Holdings (t/a Asset Performance Partners) alongside investment from Lloyd鈥檚 Central Fund.
APP is a leading technology-enabled engineering group providing technical services and software to the energy, infrastructure and speciality insurance sectors.
APP employs 103 staff and is headquartered in the UK with operations in South Africa, the US and West Africa.
Commenting on the investment, Andrew Carr, CEO of APP, said: 鈥淥ur team is more committed than ever to advancing asset performance and strengthening risk-transfer strategies alongside equity owners of energy and power infrastructure.
鈥淪trong electricity and energy systems are the foundation of thriving societies, and we are dedicated to enhancing our products and services to unlock greater value from both existing and new power, energy, and infrastructure assets.
鈥淭he investment from Foresight and Lloyd鈥檚 of London marks an exciting new phase in APP鈥檚 journey that will unlock further growth and help us support our customers with our unique, full-service offering.鈥�
Dave Guy, investment manager at Foresight, added: 鈥淲e are delighted to have completed an investment in APP, supporting the leadership teams鈥� vision for growth.
鈥淚ndependent Power Producers will have a key role in the global energy transition and APP is ideally placed to support the market with their full suite of engineering, performance platform and insurance offerings.鈥�
Rosie Den茅e, director of innovation and commercial education, Lloyd鈥檚, said: 鈥淎sset Performance Partners combines engineering expertise with advanced asset analytics to deliver stronger risk insight across energy and infrastructure portfolios.
鈥淭heir progression from the Lloyd鈥檚 Lab, to securing growth investment highlights the increasing role of data-driven solutions in improving underwriting confidence and strengthening market resilience.鈥�
The company is a graduate of the Lloyd鈥檚 Lab Insurtech accelerator program, through which it has developed its unique Insurtech platform, providing detailed asset risk analytics and monitoring to support the provision of insurance to the power and energy sectors.
The investment will support the continued roll-out of APP鈥檚 platform and Insurtech offerings along with adding key sales and engineering roles into its engineering businesses.