Plexus: Bilderbeek weighs fundraising options to ‘extend the runway’ for business

Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.

Based in Aberdeen, Plexus struck a major agreement in November to license out its Pos-Grip wellhead technology to the US oilfield giant Schlumberger.

“Surprise, surprise – I think nobody imagined that we’d manage to do that”, Bilderbeek said of the deal.