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SSN 0261-2097 (Print)
ISSN 2049-2324 (Online)
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NEWS | E UREKA!
Drive System Design
triumphs again
BRITISH ENGINEERING
SPECIALIST and three-time
British Engineering Excellence
Award winner Drive System
Design (DSD) has been
presented with The Queen’s
Award for Enterprise in
International Trade. The success
recognises the sustained growth
achieved from its Leamington
Spa headquarters – where it
serves a growing portfolio of
global vehicle manufacturer and
Tier 1 supplier customers – and
continued expansion overseas.
“Drive System Design has
worked strategically to expand
its global reach, focusing on the
future needs of the automotive
industry and their customers,
and evolving its capabilities
to address the challenges
arising in the rapidly changing
industry,” explains Mark Findlay,
DSD managing director. “The
Queen’s Award for International
Trade is a wonderful reward
for our team, who work
tirelessly on innovative projects
that help the advancement
of automotive drivetrain
development. I am delighted
by this acknowledgement and
extremely proud of everybody
at DSD.”
The Queen’s Awards for
Enterprise, the most prestigious
business awards in the UK and
established in 1965, this year
recognised DSD’s successful
delivery of an ambitious
expansion plan. Over three
years it has achieved substantial
year-on-year growth with
overseas sales rising from
£2.1m to £5.4m, a total rise of
155%. The company, which has
experienced 500% growth over
the last decade, expanded its
Michigan US-based subsidiary,
Drive System Design Inc. with
a $2m facility investment
while delivering on its doubledigit
annual growth target. It
continues to expand activities in
the Asian markets, with notable
recent successes demonstrating
that the DSD reputation for
engineering innovation is
reaching still further afield.
“A growing proportion of DSD
revenue has come from exports,
even as our UK headquarters has
continued to expand,” concludes
Findlay. “The automotive
industry has never experienced
such a need for accelerated
development of, in many
cases, clean-sheet drivetrain
technologies. DSD remains
at the forefront of innovation
in this field while expanding
into defence, off-road and
aerospace industries globally,
demonstrating the impact of
great British engineering.”
The Queen’s Award for
International Trade recognises
outstanding growth in overseas
earnings and rewards companies
for demonstrating steep yearon
year growth in overseas
sales. The Awards celebrate
the success of exciting and
innovative businesses which are
leading the way with pioneering
products or services.
6 WWW.EUREKAMAGAZINE.CO.UK | MAY 2020
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