The vertically integrated supply chain rail manufacturing company was able to support their growth ambitions by acquiring a second lathe, this time with a robotic arm, through a lease agreement with Lombard once all the formalities were completed promptly with the help of the Lombard team.
About Lucchini Unipart Rail
Lucchini Unipart Rail Ltd (LUR) is a joint venture created in 2015 by Lucchini RS Group of Italy and Unipart Rail Ltd. The business combined train wheel and axle machining, and wheelset and gearbox overhaul capabilities in Manchester (formerly known as Lucchini UK Ltd), with the bogie overhaul and wheelset activities of Unipart Rail Ltd in Doncaster.
What did they want to achieve
Two years ago, LUR invested in a CNC (Computer Numerical Control) vertical turning lathe at its Manchester production site. They were keen to expand their automated capabilities, and sought asset finance to fund the acquisition of a second Sirmu CNC lathe and an integrated robotic arm. The combined cost of the second CNC machine and robotic arm was £1.4million and it made sense to them to spread the cost over time.
How we helped
Relationship managers Andrew Dunn and Liz Flynn from Lombard understood Lucchini’s ambitions and requirements and supported them in undergoing all the regulatory steps involved in the KYC (Know Your Customer) process and Anti-Money Laundering checks required for on boarding a new relationship. This level of assistance helped Lucchini with the acquisition of CNC Lathe and integrated robotics arm via Lombard’s asset finance facility which was arranged through a five year lease agreement.
“Quite simply, Lombard put together a more competitively priced deal.”
Financial Director, Lucchini Uniparts Rail Ltd