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Gilo seeking Chinese JV

9th March 2017 - 11:26 GMT | by Richard Thomas in London

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The recent investment of $30 million into UK-based Gilo Industries by Chinese technology group Kuang-Chi represent the first of its kind by the company, following the launch of its international funding programme last year.

According to a press release issued at the time, Kuang-Chi, based in Shenzhen, expects the fund to grow to more than $300 million within the next three years and will have a large focus on the UK and its emerging unmanned system designers and manufacturers.

Israeli, Norwegian and Canadian companies also received funding from Kuang Chi as part of an initial first tranche of $50 million

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Richard Thomas

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Richard Thomas is the Senior Editor, Naval at Shephard Media. Richard joined the company in …

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