DVS expands in the electronic appliances market of Hong Kong

June 28, 2019

Abstract : The Vicenza-based company led by Denis Vigo has acquired the corporate majority and is setting growth as its main objective. DVS has planned to reach a turnover of 15 million euros by 2019, compared to 10 million gained last year.

MILAN, Jun 28 (Class Editori) - From the North East to the Far East. DVS a Vicenza-based company specializing in printed circuit boards, keyboards and molds, has taken over the majority Vycom, its Hong Kong partner

The company, which operates in China and is present on the American, Asian and US markets as well, operates in turn in the field of printed circuit boards and keyboards with a turnover of 17 million dollars and thirty employees. Vycom is present on the American, Asian and European markets.

The Italian company intends to increase its turnover. The goal for 2019 is to reach 15 million euros, compared to 10 million last year. The transaction with Vycom intends to foster collaboration and exchange of knowledge on the markets and on product development capacity. With the transfer of quotas, Vycom will retain its management and structure. "We are adopting a different strategy. Our intention is to expand the company globally and no longer to rely exclusively on longtime market niches. All within a solid framework, with adequate resources to face a growth path," explained the CEO of DVS Denis Vigo.

“With a view to complementarity aimed at mutual development, Dvs and Vycom are candidates to play an even more leading role, without renouncing to the specificities that have made them leading companies on the international stage,” added Vigo. DVS is specialized in mechanics and has its TechnoKit business unit as its ‘flagship’. “This division is allowing us to give our customers a complete solution, from the design of a product to the design of the electronic part up to its realization. On the other hand, Vycom has a widespread presence in some markets as a point of extreme strength,” explained Vigo.

“The acquisition is part of a broader strategic plan aimed at strengthening both companies in terms of structure and presence on international markets," added Vigo. The objective is to continue along the path of growth,” highlighted Vigo.

With this acquisition, DVS lays the foundation for the establishment of an international group. “The financial business plan of the company provides for new acquisitions in a strategic vision characterized by a deeply solid system and an extremely precise and punctual response to market demands,” concluded Vigo.

(Source:Class Editori)

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