Global PDA and rugged mobile computer supplier the Handheld Group has been named one of Sweden’s fastest growing and most profitable companies
November 25, 2011
Global PDA and rugged mobile devices supplier the Handheld Group has been named one of Sweden’s fastest growing and most profitable companies.
Handheld, which opened a Sydney office in February this year to service the Asia Pacific market, has been conferred “Gazelle” status for the fourth year in a row by Dagens Industri (DI), the leading Nordic business magazine.
Coined by American scholar David Birch of Cognetics Inc, the description “Gazelle”
refers to fast-growing, modern companies who are creating jobs in the economy as opposed to large, more traditional organisations who are downsizing.
Handheld’s product
range of
PDAs and mobile computers are specifically developed for use in tough environments in industries such as mining, geomatics, logistics, the military and security.
In April, the companhy secured one of the largest tenders ever in the world for rugged PDAs with Netherlands Railways’ for more than 10,000 rugged handhelds to enforce ticket control and provide travel information.
The criteria for 2011 Gazelle companies comprise a considerable increase in sales for the past three years, positive operating results for the past four financial years, organic growth
and sound finances.
Fewer than one percent of Sweden’s joint-stock companies meet the requirements to be classified as “Gazelle” companies.