Breaking News

Razer Unveils Raiju V3 Pro Samsung announces Galaxy XR headset Leica M EV1 – the first M-Camera with an integrated electronic viewfinder Micron Delivers Industry’s Highest Capacity SOCAMM2 for Low-Power DRAM in the AI Data Center KIOXIA launches EXCERIA PLUS G3 and EXCERIA G3 microSD cards for exceptional photography and video performance

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

NME Buys Slovakian Hardware Manufacturer

NME Buys Slovakian Hardware Manufacturer

Optical Storage Oct 11,2007 0

New Medium Enterprises (NME) acquired FKH Electronic A.S. with headquarters in Slovakia for US$ 11 million. NME, the company behind the HD VMD high-def optical disc format, said that the acquisition is expected to offer a real window to the EU and international markets.

"With the production, distribution and logistics expertise of FKH and the strong brand image, it is a perfect fit for our launch this year. This region is one of the fastest growing logistic hubs in Europe, attracting a number of major hi-tech brands like LG, Samsung, Philips and Sony. Slovakia is a booming economy, and a real window to the EU and international markets. As it's now part of the European Union, it can offer us attractive commercial advantages," said Mahesh Jayanarayan, CEO of NME Inc.

FKH Electronic A.S. is a producer and distributor of home appliances and consumer electronics devices in Central Europe, marketing its products under the brand name Orava. GFK Europe rated the Orava brand as having 18% market share in 2005 and ranked it number one in DVD player sales in Slovakia. It supplies more than one million units of various electronic products annually and has sold over 16 million TV sets to date. Since its inception, FKH Electronic has proven to be profitable and in the last 3 years has posted an annual turnover in excess of US $25 million.

FKH Electronic is currently selling Orava brand products in mega stores like Carrefour, Tesco, Metro, AHOLD, and in more than 1700 other retail outlets. With more then 270 employees worldwide, its Central European operation includes large warehousing facilities and global distribution capabilities.

NME expects this strategic acquisition to furnish it with a source of revenue of approximately US $30 million. FKH Electronic will bring to NME an assembly division for its HD VMD players and drives, offering fast delivery of products to both the European and overseas markets. In an important interim arrangement effective immediately, FKH Electronic will immediately open to NME its entire supply chain infrastructure, finance and management facilities in order to intensify the launch of its HD VMD products this quarter.

Tags: NMEHD VMD
Previous Post
Marvell Qdeo Video Processing Powers LG BH200 HD DVD/Blu-ray Player
Next Post
New Skype Version Brings High Quality Video

Related Posts

  • DreamStream to Encrypt RDM Format, a Blu-ray "Competitor"

  • NME CEO Positions HD VMD Format Against Blu-ray

  • NME and VDL-ODMS to Unveil First Multilayer Disc Manufacturing Line

  • $199 HD VMD Players Reach U.S. HD Market

  • New Medium Enterprises at Media-Tech 2007

  • HD VMD Format to Feature Stronger Anti-counterfeit Technology

  • New Content Distributors Sign up to HD VMD Format in France

  • New Medium Enterprises Showcases HD VMD PC Products At Media-Tech

Latest News

Razer Unveils Raiju V3 Pro
Gaming

Razer Unveils Raiju V3 Pro

Samsung announces Galaxy XR headset
Consumer Electronics

Samsung announces Galaxy XR headset

Leica M EV1 – the first M-Camera with an integrated electronic viewfinder
Cameras

Leica M EV1 – the first M-Camera with an integrated electronic viewfinder

Micron Delivers Industry’s Highest Capacity SOCAMM2 for Low-Power DRAM in the AI Data Center
Enterprise & IT

Micron Delivers Industry’s Highest Capacity SOCAMM2 for Low-Power DRAM in the AI Data Center

KIOXIA launches EXCERIA PLUS G3 and EXCERIA G3 microSD cards for exceptional photography and video performance
Cameras

KIOXIA launches EXCERIA PLUS G3 and EXCERIA G3 microSD cards for exceptional photography and video performance

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed