Worldwide, the Grundig company employs an additional 1,600 people in production, R&D and sales. Grundig's headquarters are in Frankfurt, Germany. Eventually, the company entered the white goods sector in 2013, thus becoming the EU's only consumer electronics company covering the full range. The company continued on to entertainment electronics, electrical, and home appliances. Īt the end of 2007 Turkey's Koç Holding took full ownership of Grundig Multimedia, the parent company of Grundig Intermedia GmbH in Nuremberg. In 2007 Grundig Mobile announced the U900 Linux-based mobile phone. In 2007 Alba sold its half of the business to Koç for US$50.3 million, although it retained the license to use the Grundig brand in the UK until 2010, and in Australasia until 2012. In 2004 Britain's Alba plc and the Turkish Koç's Beko jointly took over Grundig Home InterMedia System, Grundig's consumer electronics division. In autumn 2002, Grundig's banks did not extend the company's lines of credit, leaving the company with an April 2003 deadline to announce insolvency. Grundig had a turnover of €1.281 billion the following year. 2000s Īt the end of June 2000 the company relocated its headquarters in Fürth to Nuremberg-Langwasser. However, Philips ended its stake in the company by 1997-8. In 19, the company included 3-D sound systems, TVs, satellite receivers and other initiatives that included interactive user guidance. In 1993, the Grundig TV was based on a 16:9 picture format for signal transmission. In 1991, Grundig entered the telephony equipment market starting with its cordless telephone. Grundig Fine Arts Digital Audio Tape-recorder DAT 9009 (1987-1990) 1990s ![]() ![]() Grundig pulled out of this partnership in 1998 owing to unsatisfactory performance and the decline in Philips consumer electronics presence around the world. After this Philips began to gradually accumulate shares in the company over the years, and assumed complete economic control in 1993. The factory was closed with the loss of around 1000 jobs in 1980. The managing director of the plant, Thomas Niedermayer, was kidnapped and later killed by the Provisional IRA in December 1973. The marketing of "Majestic-Grundig" radios continued until Wilcox-Gay went out of business at the end of 1961.Ī plant was opened in 1960 to manufacture tape recorders in Belfast, Northern Ireland, the first production by Grundig outside Germany. In 1955, the American firm of Wilcox-Gay began importing Grundig radios into the U.S., using its Majestic Radio dealer network to distribute the German company's products. The company then developed a portable tape recorder and The Grundig Television Receiver 210. This was created for the first German television channel which started in 1952. This allowed the company to start Grundig TV. 1950s īased on Heinzelmann success, Grundig started a factory. The first of the same was named the 'Weltklang'. Max Grundig, a radio dealer, built a machine called "Heinzelmann", which was a radio that came without thermionic valves and as a DIY kit to circumvent post war rules. Its early notability was due to Grundig radio. Grundig started as a typical German company in 1945. Grundig has manufacturing plants in several European cities that deliver Grundig products to more than 65 countries around the world. Parent Arcelik A.Ş., has more than 27,000 employees worldwide. In 2013, Grundig launched its home appliances (white goods) product range, becoming one of the mainstream manufacturers in Europe. Divisions in Nuremberg, Frankfurt and Karlsruhe were established. At the time Grundig was the largest radio manufacturer in Europe. In 1951, the first television sets were manufactured at the new facility. After the Second World War, Max Grundig recognized the need for radios in Germany, and in 1947 produced a kit, while a factory and administration centre were built at Fürth. Grundig began in 1945 with the establishment of a store named Fürth, Grundig & Wurzer (RVF), which sold radios and was headquartered in Fürth, northern Bavaria.
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