Sprintex Ltd (ASX:SIX) has enhanced global growth intentions by securing an A$17.5 million minimum order commitment from Air End Repair Ltd — a "transformative" milestone in Europe as the company works to capitalise on one of the world's largest industrial markets.
This latest commitment contributes to a current total global minimum order value of A$30 million through Sprintex’s recent exclusive distribution agreements in the UK, Türkiye and — as announced yesterday — India.
Investors have welcomed today's agreement with shares as much as 18.19% higher to $0.065 in early ASX trading.
Read more: Sprintex drives global growth strategy with A$7 million exclusive distribution deal in India
A transformative milestone
"The UK agreement is a further transformative milestone for Sprintex, marking our expansion into the UK’s dynamic industrial market," said Sprintex managing director Jay Upton.
“Our G Series Blowers are uniquely positioned to address the region’s growing demand for energy-efficient solutions.
“Partnering with Air End Repair Ltd, with their industry expertise and infrastructure ensures a strong foundation for success. We are confident this collaboration will drive shareholder value and further establish Sprintex as a global leader in innovative blower technology.
“The rollout of these agreements mark a transformative milestone for Sprintex, reflecting our expansion into dynamic industrial markets across Türkiye, India and the UK.
“Our G-Series Blowers are uniquely positioned to address the growing demand for energy-efficient solutions.
“Partnering with industry leaders ensures a strong foundation for success and long-term growth.
"We are confident these collaborations will drive shareholder value and further establish Sprintex as a global leader in innovative blower technology.”
UK distributor: Air End Repair
Air End Repair — a leading specialist in compressor and blower solutions in the United Kingdom (TADAWUL:4280) — has been appointed as the exclusive distributor for Sprintex G Series Blowers in the UK, with an initial order valued at US$80,100 (A$125,750) secured.
This agreement is Sprintex’s largest commitment yet, at A$17.5 million over five years, demonstrating the company’s strategic expansion into Europe's industrial air solutions market.
The UK Turbo Blower market was worth US$182.16 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period, as sustainable industrial practices are implemented and the manufacturing sector grows.
Air End Repair managing director David Warren added: "We are thrilled to partner with Sprintex to bring their state-of-the-art G Series Blowers to the UK market.
“With a shared commitment to delivering exceptional performance and sustainability, we aim to redefine standards for industrial air solutions in the region. Our dedicated team is fully aligned with Sprintex’s vision and ready to drive adoption across key sectors."