Harvard Technology secures investment to boost growthNews
Posted by: electime 30th January 2018
Harvard Technology has announced investment from ECI Partners and serial investor Brian Davidson, who has a proven track record of leading companies that can deliver significant growth.
Mr. Davidson, the former chief executive and chairman of the UK and Ireland’s second largest paint manufacturer Crown Paints, has been appointed as executive chairman.
Yorkshire-based Mr. Davidson brings a wealth of experience in the UK manufacturing sector to the company, having previously invested in Crown Paints, Plaxton and Woodall Nicholson.
Speaking about the investment, Mr. Davidson said: “I am extremely excited by the capabilities of the business. It is a company with excellent potential, having remained a leading innovator in a very competitive lighting sector for many years. We want to build on the history of innovation and reputation for delivering quality products and solutions, whilst driving the business forward.”
“With the new investment there will be a cultural shift back to the company’s core values, with a particular focus on working closely with our customers to develop high specification LED, power and wireless connected lighting solutions, delivered with straightforward great service.”
“What you get with Harvard Technology is the full package – leading edge technologies, great brands and a fantastic team of people. I am very much looking forward to getting to know our customers and re-focusing on our core values.”
“Over the course of its 25-year history the company has become synonymous with innovation, launching a number of market leading products and solutions including LeafNut, CoolLED drivers, EyeNut and more recently the well-received CoolLED Pro range – the next generation of the best-selling CoolLED range, which has achieved 9 million units sold worldwide.”
Since being established in 1993, Harvard Technology has adopted a customer-focused approach to operations, has refined its service offering and is well on the way to meeting ambitious goals to deliver on time delivery targets of over 95% to service customers.
A dedication to delivering such high standards, and meeting the needs of customers, has also seen the company recently recommended for the BS EN ISO 9001:2015 standard. This benchmark is awarded to organisations who demonstrate the highest quality and management standards across all areas of their business.
As part of the investment current chief executive officer, Paul Hussey and chief finance officer Richard Paul left the company on the 31st January.
Mr. Davidson, commented: “I would like to take the opportunity to thank both Paul and Richard for their hard work over the past two and a half years, as well as for the important role they played in working to secure the new investment. We wish them both the best for the future.”