#2 BUSINESS SUCCESSES IN A STRAINED MARKET ENVIRONMENT
Chapter 1
Development of the components crisis and its impact
Just as in 2020, 2021 has been marked by the pandemic, which has increased pressure on the production of electronic components. This resource is vital to the entire activity of technological companies, and its impact is being felt right around the globe. Even though it is unlikely that the crisis will come to an end in 2022, there is still considerable investment being made in Europe and in North America in new components factories, which in the longer term will compensate for the lack of raw materials.
Despite the current climate, we continue to take action. The acquisition of new subsidiaries makes it possible to significantly increase our growth and our purchasing power to face our leading competitors. Furthermore, through the Electronics Activity’s « Suppliers Day » , we are strengthening ties with our suppliers to ensure better complementarity and reduced delivery times.
Business successes
Development of the business in Portugal
Ramp-up of the Millenium V2 product in step with the business plan and international deployment
Successful launch and installation of the SAE M5 project in Germany
Lembeek Project to ensure the safety of road users whilst reducing the environmental impact of its lighting in Belgium
Acquisition of Firstronic and deployment in the US
Development of the Impulse product offering
