SIE Holding Strategic Investment in Tagor Electronic, Serbia

TAGOR Electronic doo of Nis, Serbia, has received a strategic investment from System Industrie Electronic Holding AG (SIE Holding). Together, the partners intend to continue the success story Tagor and accelerate the company’s growth. The company will keep its core focus while investing in its capabilities to further increase the value it adds for its existing and future customers.

Udo Filzmaier, CEO of SIE Holding explains, “TAGOR is the leading privately owned provider of electronics components distribution and printed circuit board assembly (PCBA) in Serbia and is currently focusing on the Balkans as its core market.”

Goran Joanovic, Co-Founder and General Manager of TAGOR ads, “We are excited to take this next evolutionary step of Tagor together with SIE Holding. Together we see a large market demand for our services and will be expanding deeper into the European markets.”

The company’s location in Nis, Serbia offers unique benefits, ranging from a highly competitive labor force to the ability of custom-tariff free exporting into the EU, Russia and Turkey, due to free trade agreements with these three markets.

SIE Holding, founded in 1994, is an Austrian holding company that owns, manages and develops several entities in the electronics markets focusing medical, security and industrial customers in Europe, the USA and Asia.

TAGOR Electronic doo was established in 1996 and focuses on Electronic Manufacturing Services (EMS), specifically Printed Circuit Board Assembly (PCBA) as well as Electronic Components Distribution. Tagor currently employs more then 80 people. For more information visit www.tagor.rs.