Videoton (company)

Videoton Holding Zrt.
Private
Industry Electronic Manufacturing Services, Contract Manufacturing
Founded 1938
Headquarters Székesfehérvár, Hungary
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]
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

1938Establishment of Videoton Company
1955-1991The state owned company develops, manufactures and sells Videoton branded consumer electronics, IT and defence electronics products.
1988–1990After the change in the political system the state-owned company lost its markets
1991Privatisation: In a public bidding present shareholders and a Hungarian bank acquired the assets of the company.
1992Re-structuring of Videoton. Introducing subcontracting, realisation of outsourcing/transfer projects for Consumer electronics, Automation and Automotive customers.
1996LBO: private shareholders took full control of the company
1995-1997Acquisitions in Hungary for capacity expansion: new plants in Kaposvár, Jászberény, Törökszentmiklós, Kunhegyes, Salgótarján. Videoton enters the Household Appliance Industry.
1998New 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.
1999Acquisitions 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.
1999First high-tech venture capital investment.
2002The largest independent EMS Company in the CEE region, in TOP 30 worldwide, TOP 10 in EU. Phase-out of defence electronics.
2005Videoton starts to develop into an ODM company in some market segments. First investment in green-energy projects.
2007First investment in healthcare projects.
2009New location in Ukraine (Mukachevo)
2010Opening to new markets like green energy or air engineering industry. Acquisition of STS Group ZRt.,[3] and Ventifilt ZRt. in Hungary.
2011Acquisition 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.
2013The 75th anniversary of Videoton, the largest Hungarian industrial group in local private ownership.
2014Out 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
Headquarters of Videoton in the city of Székesfehérvár, Hungary.

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:

  1. Manufacturing companies
  2. 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

  1. 1 2 3 4 "Financial Statement 2015" (PDF). Videoton Holding ZRt. Retrieved 26 July 2016.
  2. 1 2 http://www.mfgmkt.com/mmi-top-50.html
  3. ↑ "Videoton acquires 51% in STS Group". evertiq.com. Retrieved 18 May 2011.
  4. ↑ "Videoton received Bisnode Reliability Award". Videoton Holding ZRt. Retrieved 1 December 2015.
  5. ↑ "Videoton ended year 2014 with record revenue". Videoton Holding ZRt. Retrieved 1 December 2015.
  6. ↑ "Videoton gained foothold in further market segments". evertiq.com. Retrieved 18 May 2011.
  7. ↑ "Videoton acquires a new company". Videoton Holding ZRt. Retrieved 1 December 2015.
  8. ↑ "Continuous growth in Videoton in the past 3 years". videoton.hu. Retrieved 21 March 2013.
  9. ↑ "Videoton ended year 2014 with record revenue". Videoton Holding ZRt. Retrieved 1 December 2015.
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