Cosworth Group Diversification Recognised by MIA Award
British engineering experts awarded inaugural New Markets Award by Motorsport Industry Association.
- (1888PressRelease) January 27, 2011 - British engineering specialist Cosworth Group has been named as the winner of the New Markets Award by the Motorsport Industry Association at its annual event to showcase business excellence.
Cosworth Group Chief Executive, Tim Routsis said the business was recognised for its diversification programme which has seen Cosworth Group apply their motorsport technology and engineering skills in other sectors including aerospace, defence and marine.
"To be acknowledged by the Motorsport Industry Association for our work in other sectors is a privilege for the Cosworth Group. It is a real testament to the people we have at Cosworth who have spearheaded the drive to transfer technologies from the high performance world of motorsport into adjacent markets.
"Our diversification has played a major role in the growth of the group and this award recognizes both the success of this strategy and the skill and hard work of our staff - you can't make a business work without the dedication of the people inside it."
The Cosworth Group was founded in 1958. With headquarters in Northampton, UK, the company currently employs 350 staff across the Europe, US and India. CEO of the group is Tim Routsis since 2003.
The Cosworth Group provides high performance technologies to a diverse range of global industries including aerospace, defence, automotive, marine, motorsport and energy generation. Cosworth has many world-renowned customers including Aston Martin Lagonda, Textron Systems, Rolls-Royce, the Ministry of Defence, the United States Navy and develops high performance electronics and engineering for Formula 1 teams. The Cosworth Group leverages its unique combination of advanced technologies, engineering expertise and globally recognized brand to deliver performance solutions.