Danionics is the fastest growing tech firm in Europe  

2002.12.03
Danish hi-tech battery producer Danionics tops the Deloitte Touche Tohmatsu 2002 list of the 500 fastest growing European technology firms

BBC News Online reports that Danish hi-tech battery producer Danionics has taken pole position in the Deloitte Touche Tohmatsu 2002 list of the 500 fastest growing European technology firms. Danionics enjoyed earnings growth of more than 33,000% during the last three years, dwarfing the 15,000% growth rate achieved by the number two, Sense Communications International of Norway. Many of the companies listed in the Deloitte Touche Tohmatsu 2002 list have achieved strong growth throughout the dot.com drought, a performance that Deloitte considers "a marvellous achievement".

 

Funen-based Danionics experienced strong growth from DKK 1 million (USD 130,000) in 1999 to DKK 212.7 million (USD 28 million) in 2001, by any measure an outstanding achievement in the industry. Danionics is at the technological cutting edge in customized battery solutions for portable electronics, with a list of customers including Hewlett Packard, Samsung and a number of PDA, notebook and mobile manufacturers from Korea and Taiwan.

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