Videoton (company)
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Videoton (company)
Videoton, officially VIDEOTON HOLDING Ltd., is a privately owned company group based out of Székesfehérvár, Hungary, and specializing in contract manufacturing, mainly electronics manufacturing services, electronics manufacturing services (EMS). The company was founded in 1938 and it became well known among the Warsaw Pact/Comecon countries for supplying stadium-sized electronic scoreboards. In 1991 the company was privatized and since then Videoton has provided contract manufacturing services for its partners. It ranks 33rd globally and 3rd in EU according to the 202EMS-ranking of Manufacturing Market Insider magazine The estimated value of the group (consisting of 21 member companiesis 640 million Euroaccording to the 2022 survey of Forbes. The company ha11 locations, 9 in Hungary, 1 in Bulgaria and 1 in Serbia. History 1938-1991: The early years and the state era of VIDEOTON The legal predecessor of VIDEOTON was founded in 1938. After World War II, the company was rebuil ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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