77 Elektronika Kft. (Hungary)

77 Elektronika Muszeripari Kft. is a Hungarian company located in Budapest. Since 1986, they have been manufacturing their own medical electronic products, primarily blood glucose monitoring systems, urine testing devices, and their reagents for personal and laboratory use. The company's activities include product design, mechanical, hardware, and software development, along with significant manufacturing capacity and a commercial organization. 77 Elektronika Kft. has been a 100% Hungarian, family-owned company for 35 years, with Zettwitz Sándor and his daughter, Zettwitz Gabriella, as the owner-managing directors. Starting as a four-person family business, it has grown into one of the largest companies in the Hungarian healthcare industry, employing over 700 people and exporting its self-developed medical diagnostic products to 100 countries worldwide. Thanks to continuous innovation and ongoing international expansion, the company's revenue tripled between 2013 and 2018. The growth in revenue is innovation-driven, with most of the development being self-financed. The company reinvests 6-8% of its annual revenue into innovation, which has yielded tangible results through its approximately 120-strong Hungarian research and development team.