On April 10, 2011, Megatex celebrated its 22nd anniversary, marking a significant achievement not only for the Bulgarian company but also for the global market. Founded in 1989 by a team of specialists from the Institute of Electronics, Megatex has grown into a renowned producer of unique LED products, including screens, walls, digital transport systems, and more. The company has successfully expanded its footprint to 40 countries across four continents, establishing a strong presence in Europe, America, Africa, and Asia.
Surviving and Thriving: A Rare Feat
Reaching the 22-year mark is a notable accomplishment, especially considering that only 5% of businesses survive beyond their tenth year, and less than 1% continue past the twentieth. Megatex not only overcame these odds but also thrived, becoming a market leader in several sectors. In Bulgaria, the company holds a monopoly on currency boards, having sold 30,000 units globally.
Innovative Milestones and Global Reach
Megatex’s journey began with a breakthrough in LED technology, introducing one of the first monochrome displays with red LEDs in 1991. The company continued to innovate, unveiling its first full-color screen in 1994 alongside industry giants like Siemens, Philips, and Sony. Over the years, Megatex has expanded its product range to include color wide-format printing and outdoor advertising, becoming a pioneer in the Bulgarian market.
Recent innovations highlight the company’s commitment to custom-designed products that blend technology with aesthetics. Notable developments include information kiosks and the SOLLED LCD system, versatile solutions that cater to various applications from conference displays to interactive store directories.
Sustainable Innovation and Future Prospects
In 2010, Megatex launched an LED screen integrated with a solar power system, a product that garnered international attention and demonstrated the company’s focus on sustainability. This innovation taps into two critical trends—LED technology and renewable energy—promising substantial growth potential.
Looking ahead, Megatex sees significant opportunities in the banking sector, leveraging its expertise in information technology to develop advanced solutions for financial institutions.
A Team-Driven Success Story
The key to Megatex’s success lies in its ability to innovate and deliver high-quality products that meet customer needs. The company’s team, characterized by creativity and strong internal relationships, continues to drive its international success and maintain a passion for innovation.
About Megatex
Megatex is a leading Bulgarian manufacturer specializing in LED products, including screens, walls, dynamic message displays, and digital clocks. The company’s products are widely used in various applications, such as sports information systems, transportation, and currency information displays, enhancing public spaces across multiple continents.
