Published on 11 Apr 2012
|Moxa's European subsidiary reported sales growth of 27% to 43 m Euros
Moxa, the Taiwanese manufacturer of industrial communications and embedded computing equipment, completed the financial year 2011 with a revenue growth of 28 per cent to 198,5 m USD (about 145,5 m Euros).
The European subsidiary and headquarters, Moxa Europe GmbH, reports sales increasing by 27 per cent to 43 m Euros, which represent approximately 30 per cent of the group’s turnover.
The European strategy to continue investing in the core markets Germany, France and the UK with a stronger focus on the railway industry and to employ additional staff has paid off. “We have outperformed our objectives again, which shows us that Moxa is on the right track in the European railway market”, explains Frank Hou who has been the new General Manager of Moxa Europe since March 1st, 2012. “I am glad to inherit such a prosperous subsidiary with a highly professional team.”
Frank Hou, 47, was in charge of Moxa’s Asia-Taiwan business and the Chinese subsidiary from 2009 to 2011, and currently is a Vice President of Moxa Inc.. From 2007 onwards, Hou led the Chinese subsidiary to rapid growth. Prior to joining Moxa, Hou - who holds an Iowa State University MBA - was the General Manager of Lexmark International Inc., responsible for the consumer printing business in Asia Pacific.
In 2012, Moxa Europe will continue to expand its European teams. The transportation business with its areas railway and intelligent transportation systems is expected to continue driving sales. The European subsidiary is up to double-digit growth again.