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An ambitious growth strategy

Friday, December 16, 2016

BY anticipating the huge changes underway in the on-road transport sector Sevcon is now playing  a leading role in this global electrification shift. A key pillar of Sevcon’s strategy was to diversify into the provision of battery chargers, and this was fulfilled with the purchase of Italian firm Bassi earlier this year. The Gateshead company also targeted the global super car market and achieved that goal in 2016, signing a multi-million pound deal with a leading British brand - with further deals, with other leading manufacturers on the way. Sevcon’s exciting 2016 has also resulted in a record revenues and, as Matt Boyle the president and chief executive officer for Sevcon says, the future has never looked brighter for the Team Valley business. Mr Boyle said: “The worldwide electrification movement is prompting our ambitious growth agenda and our product roadmap has the potential to put us in the sweet spot for this transition. “The switch from the internal combustion engine to hybrid and electric vehicles is happening, and it’s happening now. All the major motor manufacturers are involved and Sevcon’s skills are proving vital to this global shift. “These are exciting times for the company. The future has never been brighter for Sevcon.”

Read the full article here.

Source: Chronicle Live



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