Another bolt from the sky, a nice BIG acquisition giving access to the lucrative US market. Highland had close to $8m revenue in CY19 so to set a $20m revenue target for CY20 to gain the $1m bonus payment must be seen as achievable which points to how aggressive SDV’s growth strategy is. As said before this is just one string to SDV’s bow, and it’s easy to see how they’re gaining access to customers which is obviously only going to spread across the globe.
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- Ann: SciDev to Acquire Highland Fluid Technology Inc.
Ann: SciDev to Acquire Highland Fluid Technology Inc., page-15
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