Wiltshire advanced testing business seeks £50 million for further growth

Published by

Nicky Godding

AB Dynamics, the Bradford-upon-Avon based designer, manufacturer and supplier of advanced testing systems and measurement products for the global automotive market, is going for growth by proposing to raise up to approximately £50.1 million, by placing up to £45.1 million and an Open Offer of up to £5 million at a price of 2200 pence per share.

Founded in 1982 as a vehicle engineering consultancy, AB Dynamics is now a global supplier of test systems. Its clients include the top 25 global vehicle manufacturers, all seven Euro NCAP laboratories and numerous government test authorities.

Applications range from highly-efficient durability testing to precision control for critical new areas of technology development such as active safety and autonomous driving, all with efficient data and protocol integration from virtual to physical to real-world.

The company intends to use the net proceeds of the proposed Placing to support potential acquisition opportunities, adding important production capacity and for ongoing working capital requirements.

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.