Type Private Total equity €208.22 million (2014) Revenue 329.6 million EUR (2014) Founded 1980 Total assets 307.7 million EUR (2014) | Industry Retail, Manufacturing Number of employees 2,613 (2014) Net income 18.87 million EUR (2014) | |
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Key people Zacharias Piperidis (Chairman) Products Retail Stores, Batteries Subsidiaries Cosmote E-Value Contact Center Services S.A. | ||
The Germanos Group (Greek: Όμιλος ΓΕΡΜΑΝΟΣ) is a Greek holding company based in Athens, Greece.
Contents
History
The Group started as a battery shop in Athens in 1980 and since then has expanded into retail when it opened its first store by the same year. In 2003 Germanos in a joint operation with Folli Follie bought a 40% stake of the Hellenic Duty Free shops. In 2006 it was acquired by Cosmoholding Cyprus LTD, a subsidiary of the mobile operator Cosmote.
Battery manufacturing
Germanos Group's focus is battery manufacturing for vehicles and electronic devices, while the retail part of electronic goods is given to the chain of stores by the same name.
Environment
The Germanos Group has been operating a battery recycling program called Dias Bat since 2004. In every Germanos Store batteries are collected and given for recycling, thus reducing the negative effect of battery consumption to the environment.
Subsidiaries
International expansion
The Germanos group through its subsidiary's chain of stores has expanded into Cyprus as well as in Eastern Europe: