Videoton (company)
 | |
| Company type | Private |
|---|---|
| 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, Contract Manufacturer (CM), the largest Electronic Manufacturing Services (EMS) provider in the CEE region, TOP 40 worldwide, TOP 10 in EU according to the latest ranking of MMI [2]
History
| 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 costumers. |
| 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 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) |
| 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 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 2 categories:
- Manufacturing companies
- 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.
In 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]
In 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]
References
- ^ a b c d "Financial Statement 2015" (PDF). Videoton Holding ZRt. Retrieved 26 July 2016.
- ^ a b http://www.mfgmkt.com/mmi-top-50.html
- ^ "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.