Modern cars can contain 50 computing devices and 100 different motors. Finding the cause of faults would give mechanics a headache were it not for the likes of Omitec. Founded in 1971, the company designs automotive testers that plug into a car and check all its systems. Omitec is also developing telematics, a way of relaying information about a car’s performance to a remote computer. It already supplies similar technology to Formula One teams. John Watkins and Edward Lane led a management buyout of Omitec from Solvera in July 1998. Sales grew 112% a year from £4.2m in 2000 to £18.9m in 2002.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.