Delta Systems Ltd. has presented the fundamentals of its new business strategy for the next five years. Building on the most innovative areas of the IT company's operations – such as smart city solutions, transport informatics, and cloud services – and with a particular focus on Industry 4.0 developments and expanding the current portfolio, it will become a dominant regional player. Delta Systems was acquired by Est Media Nyrt., listed on the Budapest Stock Exchange, on 30 July, with the transaction making the Delta Group holding company the main shareholder of Est Media.
Within a few years, Delta Systems Ltd. will become an innovative and internationally competitive company according to the firm's new strategy. The company, which serves business clients and deals with, among other things, wired and wireless networks, cloud services, and IoT (Internet of Things) products, will also place significant emphasis on its own product development in the future. This will primarily manifest in the area of industrial digitalisation, but company acquisitions and the expansion of its current contract portfolio will also be a major focus. As a result of all this, revenue and profitability are also expected to increase significantly.
We are taking Delta Group's growth to a new level by going public and implementing the new strategy," said Zoltán Csontos, member of Delta Group's management. He added that the Group has a portfolio of contracts and unique experience in innovative areas that provide an excellent basis for further development and expansion.
An important economic policy and business objective for the whole of the Central and Eastern European region is for industrial companies supplying international firms to increase their efficiency through technological improvements. We are participating in this process, supporting domestic and regional industrial players with information technology solutions," said István Papp, Chairman of the Board of Est Media.
The Delta Group, currently fully owned by Hungarian interests, became the majority shareholder of Est Media Nyrt. following the transaction, which included a share issue. Est Media Nyrt., listed in the Standard category of the Budapest Stock Exchange, acquired Delta Systems Kft. on 30 July. The Delta Group boasts over 260 skilled employees, with an anticipated revenue of HUF 31.3 billion for the financial year between 1 July 2018 and 30 June 2019. Of this, Delta Technologies Zrt. is expected to contribute approximately HUF 16 billion in revenue.
