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At the end of June 2000 Grundig relocated its headquarters in Fürth to Nuremberg-Langwasser. The company had a turnover of €1.281 billion the following year. In autumn 2002, Grundig's banks did not extend the company's lines of credit, leaving the company with an April 2003 deadline to announce insolvency. Grundig AG declared bankruptcy in 2003.
The company began in 1954 with the Stenorette A, the first Grundig dictation machine on the market. The Steno-Cassette 30, developed by Grundig in 1983, became the DIN standard. In association with a consortium project of the International Voice Association, the .dss Digital Speech Standard was developed by Grundig in
In 2004, Arçelik acquired German TV and home appliance maker Grundig in a partnership with Alba plc. In 2007, Arçelik became the sole-owner of the Grundig Multimedia B.V. and its eponymous brand. [17] [18] To increase brand recognition, Beko became the sponsor of Watford F.C. during the 2007-2008 and the 2008–2009 seasons.
In 1930, Grundig and a colleague opened a store selling radios under the name Fürth, Grundig & Wurzer (RVF), generating one million Reichsmark in sales by 1938. After World War II, business expanded with a successful range of consumer electronics. In 1972, the company became a corporation and was sold to Philips in 1984.
The company's name is a combination of the first two letters of the founders' surnames, Bejerano and Koç. In 2004, Beko Elektronik purchased the German electronics company Grundig and by January 2005, Beko and its rival, Turkish electronics and white goods brand Vestel , accounted for more than half of all TV sets manufactured in Europe.
Founded in 1924 in Berlin as "Ideal," [4] the company was acquired by Robert Bosch AG in 1933. [5] In 1938 it changed its name to "Blaupunkt", German for "blue point" or "blue dot", after the blue dot painted onto its headphones that had passed quality control. After World War II, Blaupunkt moved its headquarters and production to Hildesheim.
Frigidaire was founded as the Guardian Frigerator Company in Fort Wayne, Indiana, and developed the first self-contained refrigerator, invented by Nathaniel B. Wales and Alfred Mellowes in 1916.
Founded by Robert Kern in 1959, the company soon began producing portable generators for Sears, Roebuck and Co. under the Craftsman brand. During the 1970s, Generac expanded its offerings in the portable and recreational vehicle markets, and in the 1980s the company entered the commercial and industrial markets with its backup power generation systems.