French company Wavecom SA has been identified as France's highest performing SME (small and medium-sized enterprise) in Hungary, and has received the first Europe Latitud'Export award. This award was organised by the Minister Delegate for Foreign Trade, in partnership with publications Le Moci and Les Echos, and recognises the best French SMEs for their export activity in the ten countries which joined the European Union on 1 May this year.
Wavecom estimates that it holds 40% of the wireless communications modules and modems market in Hungary. Via Kern, its Hungarian distributor, Wavecom markets machine-to-machine communication systems, mainly in the form of integrated modems for security and telemetry. The company has established agreements with distributors in 93 countries; exports count for 96% of sales.