Videoton (company)
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Company type | Private |
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Industry | Electronic Manufacturing Services, Contract Manufacturing |
Founded | 1938 |
Headquarters | , |
Number of locations | 8 manufacturing plants and 1 office in Hungary, 1 manufacturing plant in Bulgaria and 1 manufacturing plant in Ukraine |
Area served | Worldwide |
Key people | Gábor Széles, Chairman Péter Lakatos, CEO Ottó Sinkó, CEO |
Services | Various manufacturing and manufacturing-related services |
Revenue | €500,653,300 (2015)[1] |
€41,749,670 (2015)[1] | |
60,900,000 Euro (2018) ![]() | |
Total assets | €454,059,360 (2015)[1] |
Total equity | €295,657,000 (2015)[1] |
Number of employees | 9900 |
Website | www.videoton.hu |
Videoton is a privately owned Hungarian company. It is a Contract Manufacturer (CM) and the largest Electronic Manufacturing Services (EMS) provider in the CEE region. It is a TOP 40 worldwide, and TOP 10 in EU according to the latest ranking of MMI [2]
History
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1938 | Establishment of Videoton Company |
1955-1991 | The state owned company develops, manufactures and sells Videoton branded consumer electronics, IT and defence electronics products. |
1988–1990 | After the change in the political system the state-owned company lost its markets |
1991 | Privatisation: In a public bidding present shareholders and a Hungarian bank acquired the assets of the company. |
1992 | Re-structuring of Videoton. Introducing subcontracting, realisation of outsourcing/transfer projects for Consumer electronics, Automation and Automotive customers. |
1996 | LBO: private shareholders took full control of the company |
1995-1997 | Acquisitions in Hungary for capacity expansion: new plants in Kaposvár, Jászberény, Törökszentmiklós, Kunhegyes, Salgótarján. Videoton enters the Household Appliance Industry. |
1998 | New strategy: Contract Manufacturing. Videoton offers complete end-to-end solution[buzzword] in this area including material procurement, part manufacturing, final assembly and testing, financing and engineering services. First businesses in Industrial Electronics started. |
1999 | Acquisitions of DZU AD in Stara Zagora in Bulgaria. Videoton becomes a regional CEM company. New business line: production support services for industrial firms on the Hungarian market. |
1999 | First high-tech venture capital investment. |
2002 | The largest independent EMS Company in the CEE region, in TOP 30 worldwide, TOP 10 in EU. Phase-out of defence electronics. |
2005 | Videoton starts to develop into an ODM company in some market segments. First investment in green-energy projects. |
2007 | First investment in healthcare projects. |
2009 | New location in Ukraine (Mukachevo, Zakarpattia Oblast) |
2010 | Opening to new markets like green energy or air engineering industry. Acquisition of STS Group ZRt.,[3] and Ventifilt ZRt. in Hungary. |
2011 | Acquisition of the direct majority ownership of STS Technology Kft., a former STS Group ZRt. subsidiary, which is specialized in the integration of high complexity machines. |
2013 | The 75th anniversary of Videoton, the largest Hungarian industrial group in local private ownership. |
2014 | Out of the companies in the TOP200 list of Figyelő, Videoton Holding ZRt. received the Bisnode Reliability Award in 2014.[4] The group achieved record turnover for the 5th consecutive year.[5] |
Today
![Videoton HQ in Székesfehérvár](http://upload.wikimedia.org/wikipedia/commons/thumb/f/f7/Videoton_Headquaters.jpg/220px-Videoton_Headquaters.jpg)
Videoton is a regional, integrated Contract Manufacturing company being the 6th most significant European EMS provider and 35th largest globally.[2] It is a multi-commodity supplier of parts, sub-assemblies, modules, complete products and equipment based on its in-house electronics, plastic injection moulding, stamping, machining, tooling and surface treatment operations. The group contains 19 specialized medium-sized subsidiaries which mainly supply the Automotive Industry, Household Appliances and Industrial Applications markets. Its subsidiaries can be divided into two categories: Manufacturing companies and Service providers.
Altogether, the services of the Videoton Group's vertically integrated operations range from part manufacturing through final assembly & testing to transportation or distribution of the manufactured products.
On May 3, 2011 the company officially announced the acquisition of the direct majority ownership of Győr-based STS Technology Kft., a former STS Group ZRt. subsidiary, which is specialized in the contract manufacturing of high complexity machines.[6]
On July 22, 2011 Videoton officially announced that it acquired the 94% of Ventifilt Zrt., a company which is specialized in industrial air technics and the design, manufacturing and on-site installation of equipment reducing environment contamination.[7]
In January, 2013 the company officially announced that it has recorded continuous growth in the past 3 years, reaching its highest ever income in both 2011 and 2012.[8] The growth continued in 2013 and 2014 as well.[9]
See also
- MOL Vidi FC, formerly known as Videoton FC
References
- ^ a b c d "Financial Statement 2015" (PDF). Videoton Holding ZRt. Retrieved 26 July 2016.
- ^ a b "Archived copy". Archived from the original on 2006-03-17. Retrieved 2015-06-08.
{{cite web}}
: CS1 maint: archived copy as title (link) - ^ "Videoton acquires 51% in STS Group". evertiq.com. Retrieved 18 May 2011.
- ^ "Videoton received Bisnode Reliability Award". Videoton Holding ZRt. Retrieved 1 December 2015.
- ^ "Videoton ended year 2014 with record revenue". Videoton Holding ZRt. Retrieved 1 December 2015.
- ^ "Videoton gained foothold in further market segments". evertiq.com. Retrieved 18 May 2011.
- ^ "Videoton acquires a new company". Videoton Holding ZRt. Retrieved 1 December 2015.
- ^ "Continuous growth in Videoton in the past 3 years". videoton.hu. Retrieved 21 March 2013.
- ^ "Videoton ended year 2014 with record revenue". Videoton Holding ZRt. Retrieved 1 December 2015.