by Monika Zimmermann
Inova Semiconductors – Growth Champion 2019
Inova Semiconductors has been ranked by Focus magazine as one of Germany's growth champions of 2019. With its impressive annual growth rate of 22%, Inova has firmly staked its place amongst Germany’s top 500 fast-growing companies.
Robert Kraus, CEO of INOVA Semiconductors, said: "We are very proud to be ranked as one of Germany’s business success stories. It is a positive and tangible acknowledgement of our strong position in the global automotive electronics segment, founded on two key technologies: APIX, our advanced multi-channel SerDes Technology and ISELED, the revolutionary 'digital-LED' solution for functional and dynamic ambient lighting solutions in the car"
This award is based on in-depth research by the Focus magazine utilizing data from Statista and aims to identify businesses achieving high relative annual turnover growth in the period from 2014 to 2017.
Out of nearly 2 million entries in the Commercial Register, including both private and publicly listed companies, 12150 companies have been selected and then Statista identified the top 500 fastest growing companies. To qualify, companies had to be standalone entities headquartered in Germany with a turnover of at least EUR 1.8 million in 2017 and least EUR 100,000 in 2014.
Inova is featured in the electronics, electro- and medical technology category. It has previously also appeared in the Growth Champion list in 2016 and 2018.