Operating internationally, the company manufactures and distributes smartphone interfaces to upgrade vehicle infotainment systems, as well as blind spot/lane change assist systems and cameras to improve driving safety, serving both retail and trade customers.
The company has extensive in-house engineering capabilities and a reliable production team that is able to produce at cost price to ensure higher margins. In addition, the company has developed a vast international distribution network of over 220 resellers.
Our clients are open to all types of structured deals subject to terms.
The business is now being offered for sale to enable our clients to spend more time with family.
Offers invited.
Key Highlights
• Versatile offering providing both hardware and software for navigation, smartphone integration and camera interfaces.
• Has a reliable customer base that includes a number of blue-chip and prestigious car manufacturers and dealerships.
• Offers bespoke solutions, enabling exclusive, repeat customer relationships.
• Experienced staff member in place trained in presales product compatibility knowledge and much of the technical aftersales support.
• Operates from leasehold premises, the freehold of which can be included in the sale by way of separate negotiation.
• Based on enquiries received, the company would benefit from opening branches and demonstration locations across Europe and the US.
Financial Highlights
• Turnover of £1.7m in YE23 with an adjusted EBITDA of circa £840k.
• Forecast of £1.8m in YE24 with an adjusted EBITDA of £930k.
