FRABA Group Reports Double-Digit Growth in 2021
The FRABA Group, an internationally recognized leader in motion control sensors for industrial applications has reported 23% growth in revenues in their 2021 fiscal year. Sales were 48 million Euros ($52 million USD), while the staff count grew to 300. “We are very pleased to see strong growth in revenues,” commented Christian Leeser, FRABA’s CEO and majority shareholder. “The challenging logistics situation brought about by the Covid pandemic has impacted all industries, however we have still managed to grow and meet customer demand”.