There is not a lot of happy news to be heard from Europe's electronics market reporters and forecasters at the moment. Consensus is that 2012 brought a 2.9% decline in electronics production, and few if any are predicting a buoyant 2013, but here at Inseto we are pleased to report that in spite of those headwinds, we're finishing the year on a 14% growth curve and with great forward momentum.
Our Nordic expansion has been successful and though Nokia's decision to move more production to Asia and the ongoing restructuring within the fixed and wireless infrastructure sectors will impact the region in the short term, we are establishing our presence, experiencing sales wins and positioning the business in an ideal place and time for an inevitable market rebound.
Internally, we hired additional employees in our Technical Support and Administration Departments plus upgraded our IT system, both of which will improve our efficiency and the quality of experience our customers have doing business with us.
Our efforts have been further enhanced by our very formidable product line-up and the introduction of timely and attractive new products and technologies by our manufacturing principals. We look forward to continuous new developments from them next year and beyond.