Sitronics
 | |
| Company type | Joint-stock company |
|---|---|
| Founded | 1997 |
| Headquarters | , Russia |
| Parent | Sistema |
| Website | sitronics |
Sitronics (Russian: Ситро́никс) is a Russian firm specializing in microelectronics, owned by Sistema Holdings. Headquartered in Moscow, its core output consists of electronics fabrication facilities. The company operates R&D centers such as NIIME and Mikron located in Zelenograd, along with additional sites across Eastern Europe.
History
Established in 1997 in Zelenograd under the name Scientific Center, Sitronics had evolved by 2000 into a fully vertically-integrated enterprise structured into three primary divisions: Telecom Solutions, Information Technologies, and Microelectronic Solutions.[1] The Telecom Solutions division concentrated on developing software and hardware for fixed-line and mobile communication providers as well as corporate clients within the telecom sector. Meanwhile, the Information Technologies segment offered services including consulting, enterprise system management, system integration, distribution, training, and post-sale support.[1] The Microelectronic Solutions branch focused on designing, manufacturing, and marketing microelectronic components such as ICs and smart cards.[1] Within this segment, Mikron specialized in producing RFID tags, reportedly manufacturing 50 million units monthly by 2013, thereby becoming Russia’s largest RFID producer.[2]
In January 2005, the company relocated its headquarters to Moscow. Later that year, in November, it rebranded as Sitrionics. The firm embarked on an ambitious international expansion strategy by forging partnerships with regional and global technology leaders such as Cisco Systems, STMicroelectronics, Infineon, Giesecke+Devrient, Siemens, Motorola, Oracle, Intel, Sun Microsystems, and Microsoft.[3] On February 7, 2007, Sitronics launched an IPO on the London Stock Exchange.[4] Through multiple acquisitions, it established itself as a leading microelectronics enterprise in Russia, generating revenues exceeding $1 billion during the first three quarters of 2007.[5] Although the company faced losses in 2007, it remained under Sistema’s ownership while broadening its product range,[6] competing for major telecom contracts including a $1 billion agreement to construct a network in Saudi Arabia.[7] In 2012, Sitronics was removed from the London Stock Exchange listing.[8]
In August 2021, Sitronics acquired a controlling interest of 71.06% in the space technology firm Sputnix.[9]
Operation
Sitronics Group focuses on the digital transformation of key economic sectors, such as shipping and marine navigation, delivering comprehensive solutions for smart city initiatives and security systems, alongside the advancement of IoT technologies and software development.
A significant area of emphasis for Sitronics Group is the manufacture of proprietary IT hardware. The company has initiated large-scale production of domestically designed servers under its own brand. Additionally, Sitronics is developing a nationwide electric vehicle charging network across Russia. Their advanced software platform facilitates monitoring and control of various equipment, including charging stations, which have gained a strong foothold in the EV charging market.
Telecommunications
In 2010, Sitronics introduced Russia’s first smartphone equipped with GLONASS navigation technology. Among its notable international endeavors was forming a joint venture with ZTE Corporation, where Sitronics holds a 51% stake and ZTE 49%, allowing the company to shift its mass production capabilities from Europe to Southeast Asia.
See also
- ↑ 1.0 1.1 1.2 Cite error: Invalid
<ref>tag; no text was provided for refs named:0 - ↑ "Russian Tag Company Reaches for a Worldwide Audience - 2013-03-26 - Page 1". www.rfidjournal.com. Archived from the original on May 22, 2013. Retrieved 2019-02-01.
- ↑ Marinov, M.; Marinova, S. (2011-11-30). Internationalization of Emerging Economies and Firms. Springer. ISBN 9780230363663.
- ↑ Langley, Andrew; Rousek, Leos (22 January 2008). "Russia Has a Tough Sell". Wall Street Journal.
- ↑ "Sitronics :: Press Releases". 5 June 2008.
- ↑ "Russia's Sitronics sets new product strategy". Reuters. 12 February 2008.
- ↑ "Sistema Plans to Borrow $10 Billion to Expand Network (Update1)". Bloomberg.com.
- ↑ "Sistema Gets Full Control of Sitronics".
- ↑ "Sitronics group приобрела производителя микроспутников" (in русский). 2021-08-25.