AVID Technology Company History Timeline
How We Started

Comesys Europe was established in 2004 by Ryan Maughan to design and manufacture control and measurement systems for heavy duty vehicles, such as electronic throttle controls, electronic control systems, CANbus interfaces and other mobile electronics. Through this the company became involved in the design of more efficient engine thermal management systems using its skills in electronics and control system design to develop a system that offered significant fuel savings compared to the traditional belt and hydraulic powered systems found in heavy duty vehicles.

Then in 2008, AVID Vehicles was established as a spin out of the company’s Research and Development business into a stand alone company. The focus was primarily in the development of electric and hybrid vehicle power train systems and the continued development of electrified engine ancillaries and thermal management systems.

The AVID Group was formed in 2009 by bringing together the two established businesses AVID Vehicles and ComeSys Europe Limited. Both businesses were re-branded to adopt the AVID name and a new group structure was adopted. After a period of strong growth it became clear that the future potential for the business lay with electrified powertrain systems, leading to the un-related areas of the business being divested.

The AVID Innovation business, which contained all activity relating to the electric vehicle battery development unit was sold to Hyperdrive in March 2012. In May 2012 the drive by wire controls business was also sold to Continental Automotive. Continental have been a long standing customer of the business for many years white labelling AVID designed controls and sensors, and has integrated this business into their Special OEM division.

 

Where We Are Now

AVID is now recognised as a leader in the field of systems electrification and heavy duty vehicle electrification and hybridisation. Our core competency is in the design, validation and manufacture of high integrity electronics and electric motors which can also be used in applications ranging from electric pumps and fans for high performance electric and hybrid vehicle powertrain thermal management, actuation and propulsion in robotics to primary traction drive motors in electric trucks.

We also develop systems to improve the efficiency of marine and stationary power engines through waste heat recovery and parasitic loss reduction.

We have a highly skilled engineering team and a number of patents pending on our unique technology. AVID continues to grow as a business by investing our efforts into key areas of research and development in collaboration with our customer base of leading vehicle manufacturers and operators.

In 2016 AVID successfully raised a significant equity financing from 3 major Private Equity houses NVM, Downing and the IP Group. This backing provides AVID with the necessary strength to our balance sheet to grow the business and respond to customer demands.

In 2017 AVID secured a major contract with GKN to take over responsibility for the design, manufacture and sales of the EVO Axial Flux electric motor technology. The company also secured a major contract with the Energy Technologies Institute (ETI) to design and install a waste heat recovery system for marine vessels to convert waste heat into valuable electricity.

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