Semcon continues international expansion setting up company and design office in Hungary

Semcon is continuing its international expansion and setting up a new design office in Budapest, Hungary. Positions were initially offered within Semcon’s Design & Development and Informatic business areas, and ten consultants have already been employed.

“This is yet another important step in our international expansion strategy and to be where our customers have their development business,” says CEO Hans Johansson. “Setting up in Hungary also means that we can quickly meet our customers’ requirements for specialist solutions at an even more attractive price. This will be a complement to the rest of our range. Our first customer contract has been signed in the auto industry.”


Why Hungary?
Hungary has a long engineering tradition and there is a major resource of experienced engineers with specialist skills. A number of global auto manufacturers and subcontractors are also established in the region, with design and development centres and production facilities. These manufacturers include: Audi, Skoda (VW), Nabi, Visteon, Autoliv, Bosch, Lear Corp., Raba, Siemens and Johnsson Control. There is also a sound infrastructure and the Hungarians have a good understanding of English. Furthermore, costs are between 40-50 per cent lower than in Western Europe. Setting up there is part of our strategy for expansion in providing our customers with the best alternative for product development.


For more information, please contact:
Hans Johansson, CEO, Semcon AB, +46 705 914 334
Bengt Nilsson, CFO, Semcon AB, +46 70 447 28 68

Semcon is an internationally leading design and development company, with around 1,500 employees and sales in 2004 of SEK 1.3 billion. Semcon’s consultants develop products, processes and people. The combination of good growth over 25 years and well-established relationships with leading industrial groups provides a strong base for continued success. Semcon AB (publ) is listed on the O-list of Stockholmsbörsen and is currently active in Sweden, Australia, China, Denmark, Malaysia, Norway and the UK and, via partners, in Belgium, France, Greece, the Netherlands, Philippines, Portugal and Spain.