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The company said the Tungsram Group ended with 23 subsidiaries operating in 22 countries.
The announcement recalled that General Electric (GE) Lighting announced in February that it would sell its European, Middle East, African and Turkish companies and the global automotive lighting industry to the Tunsgram group headed by former GE Jörg Bauer CEO.
At the first stage of the sale, Tungsram Group acquired Tungsram Operations Ltd., including GE entities in Hungary, on 3 April, as well as assets and contracts.
After the takeover of the Hungarian units, the international units are united in several stages, with the creation of a new subsidiary in several countries.
Jörg Bauer
Photo: Móricz-Sabján Simon / VG
Tungsram now sells buildings and public lighting products worldwide outside of North America and sells car lights around the world.
The company's automotive lighting business at the Aapex Expo in Las Vegas was announced in early November, the company said.
Jörg Bauer, Chairman and CEO of Tungsram Group, in a statement
Tungsram Group is set up as a truly multinational center in Hungary, and it launches its sales network in more than 100 international markets and is becoming an important global company in lighting technologies and other fields.
In a press conference in April, the group leader announced that he had formed a global company based on the Hungarian base in the field of lighting technology, strengthening the brand name Tunsgram and developing new products.
It is planned that this year the Tungsar Group will receive 90 billion forint revenues,
which is the same as the revenue received last year, the focus should be on the organization's organization, mainly in marketing, sales and innovation.
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