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Power Probe, a leading producer of automotive electrical diagnostic tools, including circuit probes, testing kits, and products for soldering and measuring, has joined the London Stock Exchanges Alternative Investment Market.
Founded and headquartered in North Carolina USA over 30 years ago, Power Probe has grown to become an internationally known brand. Through its IPO, Power Probe raised £11.2 million, resulting in a market capitalisation of £60.4 million on admission to the market.
In addition to the funds raised boosting the Company’s general working capital, they will accelerate its next growth phase, which includes opening a new manufacturing facility in the US, securing new talent, and expanding internationally to new geographies including the UK and Europe.
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