The group posted a profit before tax of £11.3 million, up from £5.3 million in 2009. Revenue jumped 28 per cent to £99.2m. LED signalling – such as traffic lights – is a major market for the company, but in recent years it has become stronger in the mainstream lighting market.
LED specialist Dialight doubled its profits in 2010 and saw sales rise by 28 per cent.
Zumtobel has agreed a cooperation deal with LG Innotek, a subsidiary of the Korean LG Group, in the field of LEDs.
Harvard Engineering has been shortlisted for the Orange Innovation gong at the National Business Awards