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Electronics Production | June 29, 2010

Videoton acquires 51% in STS Group

The Hungarian EMS-provider Videoton has acquired a majority stake (51%) in the Győr-based STS Group ZRt.
In 2009, STS Group reported around HUF 5.5 billion (around EUR 21 million) in revenue. The company was looking for an investment partner and has now decided on Videoton, said Tamás Gyepes, boss at STS Group.

The EMS-provider Videoton seeing this as a stepping stone into the green energy market. No details on the value of the deal are not available.

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