CB Technology aiming to continue impressive growth story.
Electronics contract manufacturer, CB Technology is on-track to achieve £20 million in sales by 2026.
Founded in 1999, the company grew successfully to approx. ~£3M in revenue in 2014 under the stewardship of the original founders. In 2015, the company was acquired by an MBI team led by John Cameron and Graham Scott with a focus on using the existing foundations, skills, and expertise to accelerate the growth of the business. The current financial year will see CB’s revenues grow to £14M+ with staff levels increasing to around 80 during that period.
CB Technology’s ability to deliver complex and bespoke electronic products and services within a flexible and responsive business model, has enabled it support blue chip companies across a broad range of sectors, and firmly establish the company as the largest independent Electronic contract manufacturer in Scotland.
Grant support from the Council’s Jobs Task Force has enabled the company to continue its strong record of making significant investments in machinery, systems and new jobs.
Future growth will be driven by supporting the growth ambitions of its existing customers as well as working with developing SMEs to accelerate ‘time to market’ and the ‘scaling up’ of new products and solutions. The company has an ongoing ‘net zero’ project focused on minimising energy use and ensuring they deliver against both its customers and the governments requirements.
CEO John Cameron said,
“The grant support provided by West Lothian Council has been a key part of the continual investments we are making in equipment, processes, and people at CB Technology. This ongoing investment is critical to ensuring the company retains its leading-edge capabilities and competitiveness, in what is an extremely challenging manufacturing sector.
Following a recent visit to the factory, Cllr Kirsteen Sullivan, Depute Leader said “It was fascinating to see how CB Technology is expanding in highly-competitive markets. They are a great example of a local firm which has grown in scale from start-up through a strong customer focus, highly-skilled staff and consistent reinvestment.“