Videoton (company) - History

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., 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.

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