Delphi Grundig, formerly Grundig Car InterMedia System-CIS, in Nuremberg received an order from an automaker that is worth more than 100 million euros.
Udo Krauss, director of Mobile Multimedia Europe at Delphi Grundig, said the order is for radios and navigation systems that will go into production after 2006. Krauss did not disclose the customer's identity.
The devices will be manufactured at Grundig's Braga, Portugal, plant, Krauss said. "This contract would not have been possible for either of the two companies individually. It has made the wedding even sweeter."
Last year, Grundig Car Intermedia System had sales of more than 200 million euros with about 1,000 employees. The original equipment sector represented 60 percent of that business, the company said.
Krauss hopes for sales of approximately 250 million euros in 2004. His focus clearly is on the European market. The company hopes to reach the 1 billion euro mark by 2010.
Delphi Grundig is focusing on contracts with volume manufacturers. Krauss said its strongest competitors are Siemens VDO Automotive Corp. and Bosch Blaupunkt.