The Tungsram Group's association ended up with 23 subsidiaries operating in 22 countries, the company said.
The announcement recalls that General Electric (GE) Lighting announced in February that it will sell its business in Europe, the Middle East, Africa and Turkey, as well as the global automotive lighting sector for the Tunsgram group led by former GE director Jörg Bauer .
As the first step in the sale, Tungsram Group acquired Tungsram Operations Ltd. on April 3, including GE units in Hungary, along with assets and contracts.
After the acquisition of the Hungarian units, the international units joined several stages, with the creation of a new subsidiary in most countries.
In the statement, Tungsram now sells street lighting and building products anywhere in the world outside North America and sells car lights everywhere in the world.
The company's automotive lighting business at the Aapex Las Vegas fair was announced in early November, the company said.
Jörg Bauer, President and CEO of Tungsram Group, said in a statement
Tungsram Group has established itself as a true multinational center in Hungary, and is launching its sales network in more than 100 international markets and becoming a major global company in lighting technology and other areas.
At the press conference in April, the Group's CEO announced that it was building a global Hungarian-based company in the field of lighting technology, strengthening the Tunsgram brand and developing new products.
It is forecast that this year 90 billion annual revenues will be generated by the Tungsram Group,
which is the same as the revenue of the units received last year, focus on the organization of the organization, especially in the field of marketing and sales and innovation.