# Evolve Group completes multimillion-dollar investment for Australian manufacturing

The Evolve Group completed a multimillion-dollar investment deal with a large private equity fund to expand its Brisbane manufacturing facility. The investment will fund new high-speed injection moulding machines, robots, a chiller system, a 650kW solar system, and a recycling plant, with new equipment arriving in May and commissioned in July/August 2019.

- Type: Investment
- Announced: 2019-03-12
- Where: Brisbane, Queensland, Australia
- Starts operating: Jul 2019
- Status: announced
- Products: injection moulded products, pool equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Evolve Group](https://endata.com/companies/37946.md)
- [Poolrite](https://endata.com/companies/37947.md) (partner)

## Sources

- [poolrite.com](https://www.poolrite.com/blogs/news/evolve-and-poolrite-complete-multimillion-dollar-investment-to-drive-growth-in-its-australian-manufacturing-facility), 2019-03-12: "The successful investment is a positive announcement that has been in the pipeline for some time."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.