ADVERTISEMENT

Műszer Automatika spends almost HUF 1 bln on expansion

Telco

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.

ADVERTISEMENT

Consumer, business confidence reach 2-year high - GKI Analysis

Consumer, business confidence reach 2-year high - GKI

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.