# Avid Technology wins six contracts worth £50m a year from automotive firms

Northumberland-based Avid Technology won six new contracts worth a total of £50 million a year with international automotive firms, including a supercar maker, a tier one supplier and OEMs, for electric and hybrid powertrain systems.

- Type: Contract
- Announced: 2018-09-28
- Where: Northumberland, United Kingdom
- Value: $65.0M (50.0M GBP)
- Status: announced
- Products: electric and hybrid powertrain systems, electronics and motors, electric cooling pumps
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AVID Technology](https://endata.com/companies/3371.md) (supplier)
- [Global heavy duty truck OEM](https://endata.com/companies/3959.md) (customer)
- [Major European OEM](https://endata.com/companies/3960.md) (customer)

## Sources

- [chroniclelive.co.uk](https://www.chroniclelive.co.uk/business/business-news/avid-technology-wins-contracts-worth-15213096), 2018-09-28: "Clean-tech firm Avid Technology has won six new contracts worth a total of £50m a year with a number of international automotive firms."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.