AB Dynamics plc is pleased to announce that it has completed the acquisition of Vadotech Pte Ltd and Zynit Pte Ltd (collectively "Vadotech Group").
Founded in 1997 and with 140 employees, the Vadotech Group is a leading supplier of testing services in the Asia Pacific region, headquartered in Singapore with key operations in China, Germany and Japan. Vadotech Group provides comprehensive automotive testing services including evaluations of ADAS systems, infotainment, connectivity, electric vehicle performance and charging and other associated functions. The business has long standing relationships with German automotive OEMs, providing vehicle testing services to local operations, underpinned by long term customer framework agreements.
The Acquisition provides a significantly larger physical presence for AB Dynamics in Asia Pacific and the Group will invest in the integration to establish a strong regional hub for the wider business.
Dr James Routh, Chief Executive Officer, said:
"The Acquisition of Vadotech Group supports the Group's strategic initiatives by broadening the scope of the Group's product and services offering, further expanding our reach into new strategically important territories and increasing the range of testing services, which in turn increases visibility of future revenue".
"Vadotech Group has an outstanding reputation for providing excellence in full vehicle testing services to its German OEM customer base and we look forward to expanding this further, both within existing territories and into new attractive markets.
"We expect the Acquisition, together with the establishment of the Asia Pacific divisional operating hub, to provide us with an excellent platform for further growth and we are pleased to welcome the Vadotech Group team to AB Dynamics."