Fraba Group credits fresh ideas and products for the 12.4% increase in sales for Fiscal 2018. The corporation, which includes the Posital (position and motion control sensors) and Vitector(safety technology for industrial doors) brands, posted another year of double-digit growth. Global sales reached $39 million, while the number of employees in Europe, Asia and the USA rose to 230.
According to Fraba, the key factors for the increase in personnel were the opening of a new sales office in Shanghai, in response to strong demand from China, and a further increase in the size of the development team at the group’s central R&D center. This research unit, located in Aachen, Germany, works with its neighbor, the North-Rhein Westphalia Technical University, and other national and international partners in the fields of engineering and applied electronics. Currently there are 40 researchers and developers on board – from 28 countries.
"We stand for fresh ideas and ingenuity that bring tangible benefits to our customers," says Christian Leeser, CEO of the Fraba Group. "This is the significance of the work done by our R&D teams. For example, their patient, step-by-step work has enabled us to consistently improve the amount of energy harvested via the 'magical' Wiegand effect."