CHH Conex, which provides smart connectivity and logistics solutions, will use the funding to grow its national network and improve how products are stored, tracked, and delivered.

A major part of the investment will support the launch of hundreds of new Pick-Up Drop-Off (PUDO) locations across the UK.

These sites will feature secure smart-locking technology, making it easier and more efficient for customers to collect and return items.

The rollout will also help reduce travel distances, supporting CHH’s sustainability goals and contributing to decarbonisation efforts. 

The expansion is expected to create up to 50 new jobs by the end of 2025, with further recruitment planned for 2026.

The funding will also support the development of a new mobile app to help field engineers track assets in real time, improving customer service and streamlining operations.

CHH Conex anticipates a 50 per cent increase in revenue over the next three years, driven by rising demand and continued investment in technology and infrastructure.

Paul Turner (pictured), CEO at CHH Conex, said: “Since acquiring our business in 2022, we’ve experienced significant growth and undergone a massive transformation.

“Throughout the year, we’ve expanded significantly, investing in a new 40,000 sq. ft. warehouse and developing our own product range, as well as looking to expand our team significantly.

“We’re excited to continue driving the business forward and seeing the positive changes we anticipate due to our development.”

Martyn Drayton, relationship director at HSBC UK, added: “It’s been great being part of CHH Conex’s journey to expanding the business.

“CHH Conex is a prime example of how branching into new markets and investing in innovative products can create exciting opportunities for ambitious businesses.

“This also demonstrates HSBC UK’s dedication to supporting businesses in reaching their full potential.” 

CHH Conex delivers smart connectivity and logistics solutions that help modern infrastructure business', such as those in telecoms, energy, transport, and construction, operate more efficiently.

Its services include technical support, ongoing system management, and full life cycle care, from installation to replacement.

Since its acquisition by Paul Turner and Cory McFarlane in March 2022, the company has expanded into new UK markets and launched a subsidiary in Dubai.