Albion has announced a £1.5m investment in automotive technology specialists SBD.
Headquartered in Milton Keynes with offices in North America, Japan and India, SBD are specialists in automotive technology, providing independent research, evaluation and strategic services to 95% of the world’s leading car manufacturers.
Having established a unique position in the sector, the company has recorded more than 50% revenue growth in the last financial year ended March 2016. Their clients include FCA Group, Ford, Jaguar Land Rover, Mitsubishi Motors, Nissan, Toyota and Volkswagen.
The investment comes at a time when the automotive technology sector is forecast to grow significantly. Between 2016 and 2020, car manufactures are forecast to spend more than €42 billion on offering connected car services and higher levels of vehicle automation in the EU, USA and China.
SBD’s research and strategic services focus on three growth areas: vehicle connectivity, autonomous car technologies and automotive cybersecurity.
Albion’s investment will enable SBD to further scale its operations globally, add to its world-class team of specialists, and allow the development of innovative new ways of supporting the automotive industry.
David Bell, CEO at SBD said:
“We’re delighted to be working with Albion at this exciting time. Their team really understands our vision for the future and they have a long history of helping technology companies build on their success.”
Robert Whitby-Smith, Partner at Albion said:
“We are really excited about the opportunity of backing the SBD team and their ambitious growth plans. The automotive sector is undergoing significant change and SBD is at the cutting-edge. The quality of its data and its talent puts it in pole position to grow rapidly in coming years.”