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PRIVACY
Enterprise

North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include Port of Tyne, TechnipFMC, Northwood, InvenireX and Wootzano

Wootzano's Avarai technology has already found success in the º£½ÇÊÓÆµ market. (Image: Wootzano)

North East robotics innovator Wootzano landed another significant overseas deal, this time in Canada. The County Durham-based creator of packing systems for the food industry has secured a £161m supply deal with Xcela Inc which will see the firms working together over five years. The first of Wootzano's robots are expected to land in Ontario later this year - an area that is said to be the vine tomato growing capital of the whole North American continent.

Over the course of the contract the North East firm will supply more than 2,000 robots which will be used to delicately pack tomatoes destined for the shelves of grocery retailers across Canada and North America. The deal gives Xcela, which supports agricultural businesses, exclusivity over Wootzano's technology which is making waves around the world in an industry challenged by labour shortages.

Dr Atif Syed, CEO and founder of Wootzano, had travelled to Canada to initiate the agreement which comes on the back of a significant inroads made into the US market, for the North East engineers. Last year Wootzano announced a partnership in California to supply its Avarai systems into the multibillion-dollar grape growing industry.

This latest deal in Canada presents a similar opportunity for the tech to be used across significant growing and packing operations that stretch across the south of the Canadian province, towards the US border. Xcela is a key supplier into the market, offering specialist horticultural lighting, photosynthesis enhancement equipment, water purification kit and robots.

Moving Homes' founder Tracey Culverhouse, Michael Cantwell of RMT Accountants & Business Advisors, Aman Singh and Inde Dhillon of Northwood Newcastle and Daniel Bell of Mincoffs Solicitors.(Image: Footprint PR)

Northwood Newcastle has taken over North Shields-based Moving Homes, which operates across North Tyneside and South East Northumberland, from founder Tracey Culverhouse for an undisclosed sum. Ms Culverhouse will stay as manager of Northwood’s North Shields operation, leading a five-strong team.

Northwood is owned by brothers-in-law Inde Dhillon and Aman Singh, and has a 25-strong team working across three regional offices. The company covers an area that runs from Carlisle to the North East and down as far as York. Mr Dhillon and Mr Singh, who have professional backgrounds in law and architecture, acquired Northwood Newcastle in 2018 and two years later took over residential and lettings agency Bowes Mitchell.

Mr Dhillon said: “Our ambition is for Northwood to be the number one sales and lettings agency in the North East and this is the next step towards achieving that goal. Tracey has built a very successful business over the last decade and her absolute focus on providing the highest standards of customer services aligns perfectly with our own.

“Being able to retain her expertise and experience as part of our expanded team will be invaluable and we’re excited about what we can achieve across North Tyneside and Northumberland. Achieving consistent growth is vital if you’re going to be successful in the modern residential property market and we’re very much open to making further acquisitions as part of this process if opportunities arise in the right locations.”