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    ABDP   GB00B9GQVG73


Delayed Quote. Delayed London Stock Exchange - 08/02 11:35:19 am
1840 GBX   -1.60%
07/01FTSE 100 Jumps 1.2%, Spurred by Big Oil & Gas
07/01FTSE Gains, Pound Faces Hit From Fresh Post-Brexit Trade Tensions
07/01AB Dynamics plc Announces Directorate Changes
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AB Dynamics : Acquisition of the Vadotech Group

03/03/2021 | 06:00pm EDT

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.'

Check out Vadotech Group in action here.


AB Dynamics plc published this content on 04 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 05:51:01 UTC.

ę Publicnow 2021
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More news
Sales 2021 67,9 M 94,2 M 94,2 M
Net income 2021 6,35 M 8,82 M 8,82 M
Net cash 2021 11,8 M 16,3 M 16,3 M
P/E ratio 2021 68,0x
Yield 2021 0,24%
Capitalization 423 M 588 M 587 M
EV / Sales 2021 6,06x
EV / Sales 2022 5,17x
Nbr of Employees 278
Free-Float 68,6%
Duration : Period :
AB Dynamics plc Technical Analysis Chart | MarketScreener
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Technical analysis trends AB DYNAMICS PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 7
Last Close Price 1 870,00 GBX
Average target price 2 403,14 GBX
Spread / Average Target 28,5%
EPS Revisions
Managers and Directors
James Mathew Routh Chief Executive Officer & Director
Sarah Matthews-DeMers Chief Financial Officer & Director
Richard Peter Elsy Non-Executive Chairman
Richard Hickinbotham Independent Non-Executive Director
Louise Margaret Evans Independent Non-Executive Director
Sector and Competitors