The Group’s strategy enables long-term, sustainable growth and creation of shareholder value in the context of a rapidly evolving automotive market.

The Group’s recently launched strategy focuses on five key strategic priorities that together ensure the Company continues to deliver long-term, sustainable growth. The strategy combines delivering ongoing organic growth in the context of a rapidly evolving market, both structurally and technologically, complemented by value enhancing acquisitions. The organic growth is delivered through continued product innovation and development, building the operational capability and capacity and providing additional routes to attractive geographic markets.

As the installed base of the Group’s products expands it also provides the opportunity to increase the proportion of the Group’s revenues from service and support.

The acquisitions strategy combines solid management and financial discipline and carefully selected acquisition criteria with the intention to accelerate other elements of the strategy. A further objective of the acquisitions strategy is to build a broader based business taking us into related strategic markets.

 

New product development


Launched several new products including GTC software, LaunchPad and GST HD, active motion cueing for aVDS, TrackFi PowerMesh and ANVH

  • Continued focus on capabilities for multi-object testing
  • Development of software ‘toolchain’ for connected simulation and testing of automated functions

Capability & capacity


Improved management team capability and commenced construction on new ‘North Site’ facility. Started development of new manufacturing facility in the UK

Acquired a test track facility in Bakersfield, USA, through DRI

  • Development of services offering in track testing in selected regions
  • New facilities, test tracks and manufacturing capability
  • Simulation centre of excellence

International footprint


Opened new offices in Germany, the USA and Japan addressing our principal markets. Acquisitions have brought additional locations in the UK and USA

  • Continued development of overseas offices, capabilities and people
  • Establishment of direct routes to market for the Group’s products and services
  • Options for China support office

Service & support


Developed and launched a new service and support offering to market. New overseas offices allow this to be delivered

  • Continued development of overseas offices, capabilities and people
  • Establishment of direct routes to market for the Group’s products and services

Acquisition growth


Defined clear acquisition criteria and acquired both rFpro and Dynamic Research Inc.

  • Further develop pipeline of potential acquisition targets
  • Deliver further value enhancing acquisitions where appropriate to support organic growth strategy delivery

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