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The German Zollner Group remained the leading European EMS provider based on global revenues with estimated sales of €1.25 billion in 2017, according to the Reed Electronics Research. Meanwhile, despite lower sales from its European operations, primarily in Germany, Asteelflash remained second with the Hungarian company Videoton, third.
The top five all reported revenues over Euro 500 million in 2017 with the Dutch company Neways becoming the sixth European company to achieve this in 2018.
Acquisitions continue to have an impact on the ranking. The most notable in 2018 was the acquisition of of Swiss company CCS Holdings by GPV. As a result, the Danish company has moved into the Top 10 with pro-forma revenues in 2017 of €344 million.
Kitron. Elemaster, TT Electronics and HANZA have also completed targeted acquisitions in 2018/2019 and it is expected that further acquisitions will take place over the next two to three years as companies look to strengthen their operations in both Europe and globally.
Note: * Includes acquisitions which have taken place in 2018 and the first two months of 2019
Source: Reed Electronics Research
