MANUFACTURING SITE FONYOD – HUNGARY IS EXPANDED.
cms electronics gmbh now owns 87% of the company shares in the Hungarian location, 13% remain with the previous local partner. The business relationship between cms manufacturing and cms electronics, which has existed since the company was founded in 2005, is strengthened by these changes in the company structure.
"The acquisition of the shares was a good idea because one of the shareholders is retiring from the business for reasons of age," explains Managing Director Michael Velmeden. "The timing was also good, as we had just completed our most successful year."
At the same time, the company bought the entire property and building structure. This means that a total of 6,000 m² of production space is now available at the Hungarian production site, including space reserve. After reconstruction and adaptation measures, the additional space will be used for the planned expansion of capacities in manual production and production for the medical technology sector. With the increase in capacity, the company also plans to significantly increase the number of employees over the course of the year.
