12/20/2019

2019: An exciting year

When we write 2020 shortly, it is time to look back on an exciting year in 2019. A year, in which GPV was transformed into a major EMS player

Bo Lybæk, CEO at GPV International A/S, looks back at 2019 and wishes everyone a joyful holiday season and a happy new year:

At the end of 2018, we acquired Swiss CCS and from day one, our guiding principles were “prompt merger in the market, step-by-step operations and back-office integration”.

It was essential for us to deliver value to our customers from day one and to ensure day-to-day collaboration with our customers at the same high level as usual, but with the additional service offerings of the “new GPV”.

With GPV growing to double its previous size and playing in a different league, that called for a joint effort, and 2019 has been a year of successful integration. We worked on many different internal matters while always staying focused on the needs of our customers and intent on delivering even more value.

The integration process began in early January 2019 when all units were renamed globally to reflect the GPV brand, and every day since then, we have been focused on choosing the best from both worlds and pursuing our ambition of “Creating a leading EMS player, together!”.

Following the merger, our business now includes more service offerings, and it was important for us to train our sales teams so they can provide the best solutions to our customers. The “new” GPV offers services over the entire life cycle of a device through the combined, added capabilities in Design & Engineering, Electronics, Cable Assembly and Mechanics.

Our long-term target is to invest 3% of our revenue in production assets, automation and digitalisation. Also, in 2019, we prioritised investing in high-level state-of-the-art equipment at our sites thereby supporting our continued digitalisation and automation journey and to remain a relevant and preferred choice for our customers.

We have expanded our best cost platform with a new warehouse at our electronics factory in Thailand making room for more customer projects, and in autumn 2019, we decided to build a new factory at our electronics site in Sri Lanka with completion planned for 2021. This will also make room for more customer projects.

In addition, we are well under way to concluding an important next step in our digitalisation journey. Currently, we do not have a group-wide manufacturing execution system (MES). In the autumn, however, we decided to initiate the next step in our digitalisation journey towards Smart Factory. In order to secure a futureproof platform from which to serve our customers, we will start implementing a group-wide MES.

Now, with the first year of integration successfully behind us, we wish to express a big “thank you” to our customers, suppliers and other business partners for welcoming GPV with openness and trust.

Our goal is to continue being a leading EMS player in Europe and we will work hard to keep that position each and every day.

From all of us at GPV we wish all of our customers and business partners a joyful holiday season and a happy New Year.

We look forward to continuing our fruitful collaboration in 2020.