2 minute read - 24th October 2023
CB Technology creates new jobs following growth
Independent electronics contract manufacturer CB Technology has seen a 36% increase in turnover for 2022-23, taking its revenues to £14.3m. The firm’s revenues have increased 500% since a management buy-in backed by Maven Capital Partners in 2015. The Livingston-based manufacturer says it remains on track to achieve a £20m turnover target by 2025.
Over the last 18 months, CB Technology has continued to diversify its manufacturing capability beyond its traditional energy sector involvement with the addition of new clients in communications, IoT, and the life sciences sectors. The company continues to invest in new equipment, along with increasing its headcount to 85 over the last year. Three apprentices have also been recruited, with plans to increase that number over the coming year.
The company, founded in 1999, supplies cutting-edge technology products and services to blue-chip multinationals, whilst simultaneously partnering and supporting the growth of SMEs across the UK.
John Cameron, managing director at CB Technology, said: “Our latest financial results are a testament to the skills and hard work of our team with the continued support of our innovative customers and dedicated shareholders. We remain extremely positive about our growth trajectory and the broader electronics manufacturing sector in Scotland.
“Despite a range of significant events creating a challenge for the global manufacturing industry, CB Technology has established a strong position for itself within the electronics manufacturing sector through strategic alignment with cutting-edge customers in the IoT, sensing technology and life sciences sectors. The company’s manufacturing capabilities and experience, combined with our financial strength, will continue to position CB Technology as a reliable and trusted partner for globally established Original Equipment Manufacturers as well as innovative SMEs.”