congatec announces record sales of EUR 64 million
congatec maintains its position as the number one vendor for Computer-on-Modules in EMEA
embedded world, Nuremberg, 24 February 2015 * * * congatec AG, a leading technology company for embedded computer modules, single board computers and EDM services, remains the undisputed market leader for Computer-on-Modules in EMEA, according to the latest study by market research firm IHS*. This position is underpinned by new record earnings in fiscal 2014. Compared to sales of 53 million euros in the previous year, congatec achieved 64 million euros in 2014 translating into a sales increase of 20%.
Company objectives for the current financial year are ambitious. Encouraged, in particular by the rapid market acceptance of congatec’s new single board computer offering, the Board of Executives is expecting continued growth for 2015. Estimates predict a further increase of
20 % for 2015.
"Since its inception in 2004, congatec has been continuously expanding. The new strategic direction of branching out into the single board computer market and expanding our EDM Services is beginning to bear fruit. We will continue on this path, while working towards becoming the market leader for Computer-on-Modules worldwide. At the moment, we are still in second place globally, but thanks to our skilled and highly motivated staff, I am confident that we will achieve this aim in the foreseeable future," said congatec CEO Gerhard Edi.
*) See "The World Market for Embedded Computer Boards, Modules and Systems" by IHS, Issue 2014