ASDWire distribution date: Mon, 8 Dec 2008 10:47:00 GMT +0100

Focus on defence and security business as investor group redefines and renames

Monday, 8th December 2008--[ASDWire]-- The investor group which bought out UK Essex-based defence, security and engineering services group, Roush Technologies Limited, from its US parent, Roush Industries, late last year, has announced a change of name and branding. Effective Monday 8th December 2008, the company will be known as Revolve Technologies Limited. The name Revolve was chosen from a shortlist to communicate the forward evolution of the company as well as the nature and culture of its core business.

Announcing the change, Executive Chairman, Andrew Williams says, “At the time we acquired the business from Roush Industries, it was agreed that we would retain the trading name for a maximum of one year. The restructuring of the business, announced earlier this year, is largely complete. That process has established three clearly defined business units – Product Development, Performance Engineering and Consultancy Services - and provides significantly broader scope for growth and development.

“It is now appropriate and timely that we move on – and rebrand the organisation with a name which will enable us to promote the broader ambition and diversity of the business for the future. Our growing defence and security sector activities are now a key part of a Product Development Group, which brings together a fully integrated capability for design, vehicle and powertrain development, specialist project engineering and low volume production”, says Williams.

Concurrently, the outgoing Roush Technologies branded part of the organisation has concluded a range of changeover agreements with key OE customers, all of which were planned at the time of the acquisition. The new company will retain a formal co-operative agreement with Roush Industries in the US, covering joint ventures, collaborative projects – and service and support for existing Roush products.

Revolve Business Development Manager, Bill Waddell says, “The close integration of the company’s design, development and production activities has significantly strengthened our capabilities as a Tier 1 and Tier 2 partner of choice for a wide range of prime contractors. Indeed, there may well be some contracts where we are now able to prime the requirement ourselves. New and advanced technologies, such as hybrid drive, alternative fuels and composite materials, are now becoming increasingly important across the defence and security sectors – and these are amongst the areas where we can bring significant experience, added value and programme leadership”.

In addition, a number of strategic alliances are being established, specifically to re-establish the Group’s footprint in key EU markets. Revolve Technologies’ new website is launched also today – visit www.revolve.co.uk for full information.

-ends-

Note to Editors:

Revolve Technologies Limited:

Revolve Technologies becomes one of Europe’s leading providers of advanced design and engineering services, specialising in the development of powertrains and related systems. It serves a diverse portfolio of multi-tier automotive and non-automotive clients, across a broad spectrum of industries including car and commercial vehicle, transportation, infrastructure, agriculture, defence and energy.

Established as Roush Technologies Limited in the UK in 1995 and based in Brentwood, Essex, the business was acquired from its US parent, Roush Industries, by an investor group in 2007.

Downloads

Download images concerning this Press Release.

Download: preview (150) - lowres (300) - medres (600) - hires (unscaled)

Company Information

Downloads