Hayco buys CTR

 In Companies, News, Technology and Engineering Systems

The Portuguese broadcasting technologies company CTR which employs 1,100 has been sold to the Australian company Hayco for an undisclosed sum said to be in the millions.

CTR, which was founded in Caneças, Odivelas in 1991 by Pedro Queiroz Vieira and Vítor Oliveira, has factories in Portugal, the United States, China and India.
In 2003 the company moved to Samora Correia and became an international giant in broadcast technology for consumer market goods that is known Internationally as FMCG.
The company currently has 50 registered patents and in 2006 opened a factory in China while in 2018 and 2019 it also opened factories in the United States and India.
According to the business title Negócios the group currently employs 1,100 of which 450 work in Samora Correia.
The CTR Group has grown 20% year-on-year, closing 2022 with a turnover of €150 million. Hayco which is of Australian origin is currently based in Hong Kong and employs around 6,000.