Developer docs
API playgroundTry for free, no card

Search company profiles

Surface Technology International

Full company profile

uuid0002xvp

Namestring
Surface Technology International
Legal namestring
STI Limited
Websiteurl
sti-limited.com
Company typeenum
Private
Founded yearint
1989
Descriptiontext

Surface Technology International (STI Limited) is a UK-based contract electronics manufacturer founded in 1989, delivering complex, mission-critical electronic systems for defence, aerospace and security primes and OEMs. From two UK Sovereign accredited manufacturing sites — a 5,800 m² primary facility in Hook, Hampshire and a Poynton, Cheshire site housing advanced systems build, RF/antenna work and an anechoic chamber with a 697 m² mechanical bay — STI runs a single integrated pipeline spanning design validation, design-for-manufacture improvement, procurement and obsolescence management, PCB assembly (PCBA), RF and screened work, wiring and electro-mechanical integration, full cabinet/rack and system build, on-site environmental/EMC/RF testing, and through-life support including 4th Line depot-level services. Its go-to-market is enterprise field sales targeting defence primes, with active participation in UK defence events (DPRTE, Subcon) and relationships to named programmes such as the UK Ministry of Defence Skynet Service Delivery Wrap contract via Babcock International Group.

Revenue is generated through project-based EMS contracts and long-term sustainment programmes. The pricing model is quote-based and negotiated per programme (not publicly disclosed), with revenue streams split between one-time manufacturing build programmes and ongoing through-life support professional services. The customer base is concentrated in three primary verticals — Defence, Aerospace and Security/Intelligence — supplied under long-cycle, mission-critical qualification regimes that produce multi-year revenue visibility but limit short-term switching. STI holds a dense stack of sector accreditations including AS9100 Rev D, Nadcap Merit for electronics, JOSCAR, ISO 9001/14001/45001, ISO/IEC 27001:2022, and Cyber Essentials Plus, and is a member of ADS Group and Make UK Defence.

Ownership and trajectory: STI was carved out and acquired by Rcapital in October 2023, executed a multi-year restructuring under CRO-turned-Chairman Tim Hair, secured an £11.3m asset-based lending facility from Cynergy Business Finance in July 2024, appointed Tom Garvey (ex-GKN Aerospace, TT Electronics, Cobham, Thales, Eaton) as CEO on 1 October 2025, and was sold in March 2026 to NOTE UK (a subsidiary of Swedish-listed NOTE AB), entering its next phase under European EMS platform ownership while retaining its UK-based, defence-focused delivery model.

Short descriptiontext

Surface Technology International is a UK Sovereign accredited electronics manufacturer (founded 1989) that designs, builds, tests and sustains complex mission-critical electronic systems — PCB assembly, RF, wiring, full system integration and through-life support — for defence, aerospace and security primes from its Hook and Poynton facilities.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersHook, United Kingdom
HQ citystring
Hook
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
electronics manufacturing services, PCB assembly, defence electronics manufacturing, RF systems integration, aerospace electronics
Industry2 codes
1Embedded & HMI Electronics Manufacturing (Industrial PCs, HMIs, Panel PCs)
CodeIMAGAGADPrimaryYes
2Avionics Displays & Human-Machine Interface (EFIS/HUD/HMD)
CodeIMABAFAHPrimaryNo
NAICS code3 codes
  • Printed Circuit Assembly (Electronic Assembly) Manufacturing334418
  • Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing334511
  • Aerospace Product and Parts Manufacturing33641
SIC code2 codes
  • Search, Detection, Navagation, Guidance, Aeronautical Sys3812
  • Electrical Industrial Apparatus3620
Product category
Defence Electronics Manufacturing
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Electronics Manufacturing Services
TypeOne Time License
Description

Project-based manufacturing services for complex, mission-critical electronic systems including PCB assembly, RF builds, wiring, cabinet integration, and full system delivery. Revenue is generated through long-term programmes with defence, aerospace and security customers.

sti-limited.com
2Through-Life Support and Sustainment
TypeProfessional Services
Description

Ongoing repair, rework, refurbishment, obsolescence management and depot-level support services for deployed military systems. Includes 4th Line Support services for prime defence customers.

sti-limited.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Surface Technology International (STI) is a UK contract electronics manufacturer that delivers integrated design validation, supply chain management, PCB assembly, RF and antenna build, wiring, full system integration, environmental/EMC testing, and through-life support for complex, mission-critical electronic systems. All manufacturing is performed at two UK Sovereign accredited facilities in Hook (Hampshire) and Poynton (Cheshire), serving defence primes, aerospace OEMs, and security customers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Reduced programme risk through early design validation and obsolescence management
+2 more records
Product overview1 text field

Surface Technology International (STI) is a UK electronics manufacturing services provider offering a unified, integrated engineering and manufacturing service rather than discrete software products. The core offering spans a six-stage lifecycle: Design Validation and Improvement, Supply Chain Management, PCB Assembly, RF Systems, Wiring, Environmental Testing, Full System Build and Integration, and Through-Life Support. These capabilities are delivered from two UK Sovereign accredited facilities in Hook (Hampshire) and Poynton (Cheshire), providing a single-source solution for complex, mission-critical electronic systems serving defence, aerospace, and security programmes. Key add-on offerings include 4th Line Support for Prime defence customers and EMC/Anechoic Chamber testing.

Product and service1 record
1Contract Electronics Manufacturing Services
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeOthers
Description

STI was acquired by NOTE UK, a subsidiary of Swedish listed company NOTE AB, in March 2026. This represents a significant strategic milestone following STI's transformation under Rcapital. The acquisition provides STI access to increased scale, complementary capabilities and a broader European operational footprint while maintaining its UK-based delivery model and defence sector focus.

Strategic tierSupportingTypeOthers
Description

Trade organisation for companies in the UK Aerospace, Defence, Security and Space sectors. STI is an active member, helping stay aligned with sector needs, skills development and wider industry standards.

Strategic tierSupportingTypeOthers
Description

Trade organisation for companies in the UK Aerospace, Defence, Security and Space sectors. STI is a member, supporting alignment with sector needs and industry standards.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Awarded a contract to support Babcock International Group with services for the UK Ministry of Defence Skynet Service Delivery Wrap programme. Covers refurbishment, repair, material obsolescence management and stock services for programme assets supporting military satellite communications. Draws on extensive RF communications systems experience.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Swedish-listed EMS group that acquired STI via its NOTE UK subsidiary in March 2026. NOTE operates Nordic and UK EMS sites serving industrial, medtech and defence customers, making it the most directly comparable peer and STI's new corporate parent.

TypeDirect peer
Description

UK defence electronics specialist (formerly Ultra Electronics, now part of the Cobham/AES portfolio under TransDigm) supplying mission-critical electronic systems to UK and allied defence primes. Overlaps with STI's RF, sensing and through-life support offerings for naval, air and land platforms.

TypeDirect peer
Description

US-listed EMS with strong aerospace, defence and industrial complex-assembly capabilities. Targets similar high-reliability, regulated, low-volume programmes as STI and represents a relevant peer for cross-comparison on margins, capacity utilisation and programme mix.

TypeDirect peer
Description

UK-headquartered designer and manufacturer of electronic components and integrated assemblies for aerospace, defence and medical markets. Tom Garvey previously held senior roles at TT Electronics, and the company competes directly with STI in UK defence/aerospace PCBA and integrated build work.

TypeDirect peer
Description

UK-listed defence electronics and countermeasures supplier with a substantial electronic systems business serving land, air and maritime platforms. Comparable to STI in customer base (UK MoD, US DoD primes), certification profile and through-life support model.

TypeBroad incumbent
Description

Global EMS provider with a dedicated defence and aerospace business serving complex, high-reliability integrated systems. A broader incumbent peer that competes for the same complex defence programmes as STI but at much greater scale and geographic reach.

TypeRegional player
Description

UK-headquartered tier-1 aerospace systems supplier (part of Melrose Industries) where incoming STI CEO Tom Garvey previously led major growth programmes. While higher up the value chain (airframe and engine systems), GKN overlaps with STI in UK defence/aerospace customer relationships and supply chain.

TypeBroad incumbent
Description

One of the world's largest EMS providers with significant aerospace, defence and security capabilities across multiple geographies. Represents the larger, global incumbent benchmark for scale, pricing and capability breadth against which STI's specialised UK-sovereign niche competes.

TypeBroad incumbent
Description

UK arm of the global Thales Group, a major defence prime with deep UK defence electronics, communications and sensing capabilities. Both an STI customer (defence primes) and a competitor for larger integrated electronic system programmes in the UK sovereign market.

TypeDirect peer
Description

Global EMS provider with a recognised Aerospace & Defence segment offering complex PCBA, system integration and after-market services. Competes with STI for complex, regulated, low-to-mid-volume defence and aerospace builds across the UK and Europe.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance10 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Surface Technology International

Defence Electronics Manufacturingsti-limited.com

Surface Technology International is a UK Sovereign accredited electronics manufacturer (founded 1989) that designs, builds, tests and sustains complex mission-critical electronic systems — PCB assembly, RF, wiring, full system integration and through-life support — for defence, aerospace and security primes from its Hook and Poynton facilities.

What Surface Technology International does

Surface Technology International (STI Limited) is a UK-based contract electronics manufacturer founded in 1989, delivering complex, mission-critical electronic systems for defence, aerospace and security primes and OEMs. From two UK Sovereign accredited manufacturing sites — a 5,800 m² primary facility in Hook, Hampshire and a Poynton, Cheshire site housing advanced systems build, RF/antenna work and an anechoic chamber with a 697 m² mechanical bay — STI runs a single integrated pipeline spanning design validation, design-for-manufacture improvement, procurement and obsolescence management, PCB assembly (PCBA), RF and screened work, wiring and electro-mechanical integration, full cabinet/rack and system build, on-site environmental/EMC/RF testing, and through-life support including 4th Line depot-level services. Its go-to-market is enterprise field sales targeting defence primes, with active participation in UK defence events (DPRTE, Subcon) and relationships to named programmes such as the UK Ministry of Defence Skynet Service Delivery Wrap contract via Babcock International Group.

Revenue is generated through project-based EMS contracts and long-term sustainment programmes. The pricing model is quote-based and negotiated per programme (not publicly disclosed), with revenue streams split between one-time manufacturing build programmes and ongoing through-life support professional services. The customer base is concentrated in three primary verticals — Defence, Aerospace and Security/Intelligence — supplied under long-cycle, mission-critical qualification regimes that produce multi-year revenue visibility but limit short-term switching. STI holds a dense stack of sector accreditations including AS9100 Rev D, Nadcap Merit for electronics, JOSCAR, ISO 9001/14001/45001, ISO/IEC 27001:2022, and Cyber Essentials Plus, and is a member of ADS Group and Make UK Defence.

Ownership and trajectory: STI was carved out and acquired by Rcapital in October 2023, executed a multi-year restructuring under CRO-turned-Chairman Tim Hair, secured an £11.3m asset-based lending facility from Cynergy Business Finance in July 2024, appointed Tom Garvey (ex-GKN Aerospace, TT Electronics, Cobham, Thales, Eaton) as CEO on 1 October 2025, and was sold in March 2026 to NOTE UK (a subsidiary of Swedish-listed NOTE AB), entering its next phase under European EMS platform ownership while retaining its UK-based, defence-focused delivery model.

Surface Technology International firmographics

Firmographics
Name
Surface Technology International
Legal name
STI Limited
Website
https://sti-limited.com
Company type
Private
Founded year
1989
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Surface Technology International is a UK Sovereign accredited electronics manufacturer (founded 1989) that designs, builds, tests and sustains complex mission-critical electronic systems — PCB assembly, RF, wiring, full system integration and through-life support — for defence, aerospace and security primes from its Hook and Poynton facilities.
Ownership category
akta.pro rank

Surface Technology International industry classification

Industry
Product category
Defence Electronics Manufacturing
NAICS
Printed Circuit Assembly (Electronic Assembly) Manufacturing (334418), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Aerospace Product and Parts Manufacturing (33641)
SIC
Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Electrical Industrial Apparatus (3620)
akta.pro primary industry
Embedded & HMI Electronics Manufacturing (Industrial PCs, HMIs, Panel PCs) (IMAGAGAD)
akta.pro secondary industry
Avionics Displays & Human-Machine Interface (EFIS/HUD/HMD) (IMABAFAH)

Keywords

  • Electronics manufacturing services
  • PCB assembly
  • Defence electronics manufacturing
  • RF systems integration
  • Aerospace electronics

Where Surface Technology International is headquartered

Location

Headquarters

HQ city
Hook
HQ country
United Kingdom
HQ region
Europe

Offices3 records

Markets served

Surface Technology International business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Electronics Manufacturing Services: Project-based manufacturing services for complex, mission-critical electronic systems including PCB assembly, RF builds, wiring, cabinet integration, and full system delivery. Revenue is generated through long-term programmes with defence, aerospace and security customers.
  2. Through-Life Support and Sustainment: Ongoing repair, rework, refurbishment, obsolescence management and depot-level support services for deployed military systems. Includes 4th Line Support services for prime defence customers.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Surface Technology International product offering

Product offering

Core offering

Surface Technology International (STI) is a UK contract electronics manufacturer that delivers integrated design validation, supply chain management, PCB assembly, RF and antenna build, wiring, full system integration, environmental/EMC testing, and through-life support for complex, mission-critical electronic systems. All manufacturing is performed at two UK Sovereign accredited facilities in Hook (Hampshire) and Poynton (Cheshire), serving defence primes, aerospace OEMs, and security customers.

Product overview

Surface Technology International (STI) is a UK electronics manufacturing services provider offering a unified, integrated engineering and manufacturing service rather than discrete software products. The core offering spans a six-stage lifecycle: Design Validation and Improvement, Supply Chain Management, PCB Assembly, RF Systems, Wiring, Environmental Testing, Full System Build and Integration, and Through-Life Support. These capabilities are delivered from two UK Sovereign accredited facilities in Hook (Hampshire) and Poynton (Cheshire), providing a single-source solution for complex, mission-critical electronic systems serving defence, aerospace, and security programmes. Key add-on offerings include 4th Line Support for Prime defence customers and EMC/Anechoic Chamber testing.

Differentiator

Problem solved

Functional benefit

Products and services

  • Contract Electronics Manufacturing Services

Quantifiable outcome

  • Reduced programme risk through early design validation and obsolescence management
  • +2 more outcomes

Companies that use Surface Technology International

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Surface Technology International technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Surface Technology International partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and supporting.

  • NOTE UK (NOTE AB)coreOthersSTI was acquired by NOTE UK, a subsidiary of Swedish listed company NOTE AB, in March 2026. This represents a significant strategic milestone following STI's transformation under Rcapital. The acquisition provides STI access to increased scale, complementary capabilities and a broader European operational footprint while maintaining its UK-based delivery model and defence sector focus.
  • ADS GroupsupportingOthersTrade organisation for companies in the UK Aerospace, Defence, Security and Space sectors. STI is an active member, helping stay aligned with sector needs, skills development and wider industry standards.
  • Make UK DefencesupportingOthersTrade organisation for companies in the UK Aerospace, Defence, Security and Space sectors. STI is a member, supporting alignment with sector needs and industry standards.
  • Babcock International GroupcoreStrategic or Co-development PartnerAwarded a contract to support Babcock International Group with services for the UK Ministry of Defence Skynet Service Delivery Wrap programme. Covers refurbishment, repair, material obsolescence management and stock services for programme assets supporting military satellite communications. Draws on extensive RF communications systems experience.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Surface Technology International competitors and assessment

Company assessment

Direct peers

  • NOTE AB: Swedish-listed EMS group that acquired STI via its NOTE UK subsidiary in March 2026. NOTE operates Nordic and UK EMS sites serving industrial, medtech and defence customers, making it the most directly comparable peer and STI's new corporate parent.
  • Ultra Electronics (Cobham Advanced Electronic Solutions): UK defence electronics specialist (formerly Ultra Electronics, now part of the Cobham/AES portfolio under TransDigm) supplying mission-critical electronic systems to UK and allied defence primes. Overlaps with STI's RF, sensing and through-life support offerings for naval, air and land platforms.
  • Benchmark Electronics: US-listed EMS with strong aerospace, defence and industrial complex-assembly capabilities. Targets similar high-reliability, regulated, low-volume programmes as STI and represents a relevant peer for cross-comparison on margins, capacity utilisation and programme mix.
  • TT Electronics: UK-headquartered designer and manufacturer of electronic components and integrated assemblies for aerospace, defence and medical markets. Tom Garvey previously held senior roles at TT Electronics, and the company competes directly with STI in UK defence/aerospace PCBA and integrated build work.
  • Chemring Group: UK-listed defence electronics and countermeasures supplier with a substantial electronic systems business serving land, air and maritime platforms. Comparable to STI in customer base (UK MoD, US DoD primes), certification profile and through-life support model.
  • Plexus Corp: Global EMS provider with a recognised Aerospace & Defence segment offering complex PCBA, system integration and after-market services. Competes with STI for complex, regulated, low-to-mid-volume defence and aerospace builds across the UK and Europe.

Broad incumbents

  • Sanmina: Global EMS provider with a dedicated defence and aerospace business serving complex, high-reliability integrated systems. A broader incumbent peer that competes for the same complex defence programmes as STI but at much greater scale and geographic reach.
  • Jabil: One of the world's largest EMS providers with significant aerospace, defence and security capabilities across multiple geographies. Represents the larger, global incumbent benchmark for scale, pricing and capability breadth against which STI's specialised UK-sovereign niche competes.
  • Thales UK: UK arm of the global Thales Group, a major defence prime with deep UK defence electronics, communications and sensing capabilities. Both an STI customer (defence primes) and a competitor for larger integrated electronic system programmes in the UK sovereign market.

Regional players

  • GKN Aerospace: UK-headquartered tier-1 aerospace systems supplier (part of Melrose Industries) where incoming STI CEO Tom Garvey previously led major growth programmes. While higher up the value chain (airframe and engine systems), GKN overlaps with STI in UK defence/aerospace customer relationships and supply chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Surface Technology International social profiles

Digital presence

Surface Technology International compliance and trust

Trust signal

Compliance10 records

Surface Technology International financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Surface Technology International leadership team

Management profile

Number of profiles

Profiles7 records

Surface Technology International funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Surface Technology International M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Surface Technology International

What does Surface Technology International do?

Surface Technology International (STI) is a UK contract electronics manufacturer that delivers integrated design validation, supply chain management, PCB assembly, RF and antenna build, wiring, full system integration, environmental/EMC testing, and through-life support for complex, mission-critical electronic systems. All manufacturing is performed at two UK Sovereign accredited facilities in Hook (Hampshire) and Poynton (Cheshire), serving defence primes, aerospace OEMs, and security customers.

Is Surface Technology International a public or private company?

Surface Technology International is a private company. It is classified as corporate owned and is currently operating.

When was Surface Technology International founded?

Surface Technology International was founded in 1989. It employs 501 to 1,000 people.

Where is Surface Technology International based?

Surface Technology International is headquartered in Hook, United Kingdom, in the Europe region.

How does Surface Technology International make money?

Two revenue lines are on record. Electronics Manufacturing Services are the primary driver. The others are through-Life Support and Sustainment.

Who are Surface Technology International's main competitors?

Direct peers on record are NOTE AB, Ultra Electronics (Cobham Advanced Electronic Solutions), Benchmark Electronics, TT Electronics, Chemring Group and Plexus Corp. Broad incumbents are Sanmina, Jabil and Thales UK. GKN Aerospace is listed as a regional player.

Does Surface Technology International have an API?

No public API is recorded for Surface Technology International.

What industry is Surface Technology International in?

Surface Technology International's product category is Defence Electronics Manufacturing. Its primary akta.pro industry code is IMAGAGAD, Embedded & HMI Electronics Manufacturing (Industrial PCs, HMIs, Panel PCs), with a secondary code of IMABAFAH, Avionics Displays & Human-Machine Interface (EFIS/HUD/HMD). Its NAICS code is 334418 and its SIC code is 3812.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
Lincoln International LLCRcapital has agreed to sell Surface Technology International to NOTE ABRcapital has agreed to sell its portfolio company Surface Technology International (STI) to Sweden-based NOTE AB, with Lincoln International advising on the transaction. STI is a defense-focused electronics manufacturing services provider operating two production sites in Hook and Poyton, England, offering advanced PCBA, box build and testing capabilities across air, land, cyber and marine defense domains. The acquisition aligns with NOTE's growth strategy to strengthen its UK presence, enhance technological capabilities and increase exposure to the defense sector.InsidermediaRcapital exits Surface Technology International to NOTE UKInvestor Rcapital has exited Surface Technology International (STI), selling the Hampshire and Cheshire-based electronics manufacturer to NOTE UK, the UK subsidiary of Swedish listed company NOTE AB. STI, which was acquired by Rcapital in 2023 via a corporate carve-out and underwent complex operational and financial restructuring, serves customers in defence, aerospace, security and intelligence sectors. The acquisition combines NOTE's European presence and advanced capabilities with STI's UK expertise, creating what executives describe as a compelling platform for growth with opportunities to deepen relationships with defence primes and OEMs.Startups MagazineSurface Technology International Secures £11.3M Lending Facility from Cynergy Business FinanceSurface Technology International (STI) has secured an £11.3 million multi-asset asset-based lending facility from Cynergy Business Finance to support its projected growth. The funding was arranged in collaboration with STI's owner, Rcapital, providing the company with financial headroom for its operations in the aerospace and defence sectors.InsidermediaHampshire manufacturer secures £11.3m facilitySurface Technology International (STI) has secured an £11.3 million three-year asset-based lending facility from Cynergy Business Finance to fund its expected growth over the next twelve months. The financing supports STI's transformation plan under Rcapital ownership, which is on track to return the Hampshire-based manufacturer to profitability in 2024.