Maven exited its investment in CB Technology (CBT) in September 2024, following its acquisition by Elite Electronic Systems, generating a return on investment of 2.85x cost for Maven’s investors. An established contract electronics manufacturer, CBT focuses on complex manufacturing and testing for deployment in harsh environments. The business predominately assembles and tests high-end printed circuit boards for use throughout the industrial and semiconductor sectors, supplying a range of UK and international blue chip customers with complex electronics that must function reliably under extremes of temperature, pressure and vibration.
During Maven’s tenure, CBT invested significantly in its workforce which has more than doubled, while investment in production technology, including automated capabilities allowed the company to increase production capacity and expand into new vertical markets that require high-performance and reliable electronics.
We are delighted that the acquisition of CB by Elite has been finalised and we are extremely excited about the future potential and opportunities this will create for CBT’s employees and customers. The journey to get to this point has been immensely rewarding and could not have been achieved without the support and insight of Maven. Their team have been an integral part of the successful growth and development of the company over the last 10 years, and I would like to take this opportunity to extend our thanks to them for their unwavering support.
John Cameron, CEO at CB Technology
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