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SBS Group history
SBS Group company history timeline
In November 1986 Andrew C. Cruce founded SBS Engineering, Inc. in Albuquerque, New Mexico.
In 1988, the young company made what turned out to be an excellent business decision; it developed its first embedded computer product, an avionics interface board.
In 1992 it acquired Berg Systems International, a manufacturer of telemetry-related computer products for the aerospace industry, giving SBS a second embedded computer product.
The Sensor Systems Division of Merit Technology, Inc. (a developer of radar and flight simulation systems) and rights to a use-of-force trainer system were added in 1993.
By 1995 it had become clear to SBS management that, while the embedded computer component market was booming, the flight simulation products and basic engineering services it offered were lagging.
In 1995 three-quarters of the foreign sales were made in Canada and France.
Revenues almost doubled in 1996, from $16.2 million to $31.3 million; income rose about 78 percent, from $7.4 million to $9.5 million.
The opening of the Glasgow office in 1996 boosted foreign sales significantly.
SBS Group LTD was incorporated in 1996.
In June 1997 it sold its "ICAT" judgmental use-of-force training program to Firearms Training Systems, Inc. of Georgia.
In 1997 Canada was the largest foreign market ($1.4 million), followed by Japan ($1.3 million), the United Kingdom ($1.1 million), Korea ($1 million), Germany ($800,000), and France ($700,000). The remaining SBS foreign sales were divided among other countries.
In the 1997 SBS annual report, CEO and Chairman Christopher J. Amenson, and President and COO Steve Cooper, also announced that the founder and former chairman of SBS, Andrew C. Cruce, was retiring.
The year 1997 marked the beginning of another refocusing within the company.
Further, in 1998 the company had established a production for re-manufacturing of brake calipers.
It noted that SBS stood out for its "history of earning reliability, and for making accretive, complementary acquisitions," as well as for its 46 percent compound annual growth and history of meeting customer expectations. It also appeared that fiscal 1998 would be another record-setting year for SBS, based on its performance through the first three quarters.
Founded in 2005 Team with 2M+ hours of expertise in implement and integrate IT Solutions in ERP, MES and PLM domains globally.
SBS Group LTD was incorporated in 1996. It listed on AIM until 2007 and since then has been operating as an investment company holding some land in the midlands.
2011: SBS establishes a joint venture with FTE Automotive GmbH regarding caliper remanufacturing in Presov / Slovakia.
1980ies: OBTEC grows rapidly especially due to the motorcycle brake pads which are now sold to customers all over the world. It was also during this time, SBS has trademark SBS logo, and the very first company in Malaysia to be certified by ISO 9001:2015 as flyer distribution company and be recorded in The Malaysia Book of Records.
In January 2021 it disposed of the land, and in March 2021, it contracted with a dedicated specialist processor that allows companies the opportunity to make their securities electronically compatible for purchase or sale in order to cover fundraising capabilities.
Jurg joined the board of Directors 20th September 2021.
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SBS Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Velosio | 1984 | $21.4M | 420 | 7 |
| Environmental Data Resources | 1990 | $1.5M | 200 | - |
| The Allen Group | - | - | - | - |
| Symmetry | 1996 | $8.5M | 90 | 394 |
| InFocus | 1986 | $219.8M | 220 | 3 |
| Miva | 1996 | $15.0M | 350 | 7 |
| Cision | 1867 | $602.2M | 6,300 | 8 |
| Image One | 1994 | $55.7M | 50 | 24 |
| Stalwart | 2002 | $11.0M | 300 | - |
| Global Knowledge | 1995 | $350.0M | 1,071 | 1 |
SBS Group history FAQs
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SBS Group may also be known as or be related to SBS Group and Sbs Group.