Hungary's Műszer Automatika, which makes railway safety and gas monitoring systems, has spent almost HUF 1 billion on an expansion at its base in Budaörs, on the outskirts of Budapest, the company told MTI.
Műszer Automatika was awarded almost HUF 100 million in grant money for the investment.
The company had revenue of HUF 2.5 billion-3 billion in 2010. It employs more than 160 people.
Műszer Automatika's biggest partners in the transport automatization segment are Budapest public transport company BKV, state-owned railway company MÁV, Bombardier Transportation and Siemens. In the gas monitoring segment, it supplies spirits maker Zwack, oil and gas company MOL, supermarket chain Tesco and sparkling wine maker BB Törley.