by Monika Zimmermann
Inova Semiconductors named Growth Champion of 2018
Inova Semiconductors has been ranked by Focus magazine as one of Germany's growth champions of 2018. With its impressive annual growth rate of 26%, 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 have 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 industry-defining in-car video link platform, and ISELED, the game-changing 'digital-LED' solution for viable ambient in-vehicle LED lighting."
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 2013 to 2016.
Out of more than 1.9 million entries in the Commercial Register, including both private and publicly listed companies, 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 2016 and least EUR 100,000 in 2013.
Inova is featured in the electronics, electro- and medical technology category. It has previously also appeared in the Growth Champion list in 2016.