LIVINGSTON, UK – CB Technology announced annual sales of £14.3 million ($17.4 million), marking a 36% increase from last year.

“We remain extremely positive about our growth trajectory and the broader electronics manufacturing sector in Scotland," said Managing Director John Cameron. “Despite a range of significant events creating a challenge for the global manufacturing industry, CB Technology has established a strong position for itself within the electronics manufacturing sector through strategic alignment with cutting-edge customers in the IoT, sensing technology and life sciences sectors. The company’s manufacturing capabilities and experience, combined with our financial strength, will continue to position CB Technology as a reliable and trusted partner for globally established original equipment manufacturers as well as innovative SMEs.”

The company's revenues have increased 500% since a management buy-in backed by Maven Capital Partners in 2015, and it remains on track to achieve its £20 million ($24.4 million) turnover target by 2025.