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TIMELINE HISTORY

history

  • 1985

    The company started operating trading as LEONIDAS MICHANGELIDIS – EVANGELOS KATSAITIS Co.

  • 1987

    A complete Technical Support Department was created, operating round the clock, 24/7.

  • 1988

    The acquisition of LIEBERT in the USA by EMERSON ELECTRIC offered an opportunity to the company to operate in UPS systems. The first customers in UPS were the University of Patras and the Public Petrol Corporation (currently Hellenic Petroleum), whose UPS systems are still working trouble-free.

  • 1989

    The unlimited company LEONIDAS MICHANGELIDIS- EVANGELOS KATSAITIS was converted into the Societe Anonyme COMPUTER SUPPORT SYSTEMS, trading as ALPHA SA.

  • 1991

    A contract was signed with IBM Hellas SA, whereby the Company became the exclusive dealer of IBM for the EMERSON Uninterrupted Power Supply systems until 1996.

  • 1992

    The first contract (908/92) was signed with the Hellenic Telecommunications Organisation SA (OTE) for the supply of Uninterrupted Power Supply Systems, upon strict technical evaluation of the products by a special committee of OTE. This first contract was followed by numerous contracts for the same equipment, which currently makes the company the supplier of 80% of all UPS systems successfully operating in OTE.

  • 1997

    The Company was awarded the President’s Cup by LIEBERT for the highest sales in Europe, as expressed in absolute figures and not in proportion to the population.

  • 1998

    The LIEBERT Group– which is now controlled by EMERSON ELECTRIC – acquired HIROSS (the largest European company in HPAC), and was renamed into LIEBERT– HIROSS. The trading of LIEBERT’s Close Control A/C products by the Company extended to the products of the new company.

  • 1999

    In an effort to ensure quality and reliability for its products and services, the Company has, since establishment, been implementing a Quality Control System, which soon led to its certification with ISO9001 by Bureau Veritas Quality International (BVQI).

    The procedures to confirm collaboration with GAMATRONIC Electronic Ind. were complete for the exclusive trading of specific products (UPS, Rectifiers, Inverters, etc), thus paving the way for new Company activities and exceeding the anticipated sales figures.

  • 2000

    the Company collaborated with C&D TECHNOLOGIES, the largest Group in batteries worldwide. In the same year, the Company undertook the trading of ERICSSON ENERGY SYSTEMS, which was renamed into EMERSON ENERGY SYSTEMS following its acquisition by EMERSON ELECTRIC.

    The Extraordinary General Meeting of the Company‘s Shareholders as of 24/03/2000 (Government Gazette 2812/20.04.2000) decided to change the Company’s style from ALPHA SA to ALPHA GRISSIN INFOTECH SA.

    The Company used its know-how to assemble rectifiers which were procured to OTE, Albanian Mobile Communications (AMC), INTRACOM (Peania), Motorola S.A. and SIEMENS.

  • 2002

    In March the Company signed a one-year contract (automatically renewable) with NEWAVE S.A.(Switzerland) for the import and trade of UPS systems.

    In April the Company signed a contract with a term until 31/12/2004 (automatic renewable) with EMERSON ENERGETSKI SUSTAVID.O.O. (Croatia) for the import and trade of rectifiers.

  • 2004

    On 6 April the Company obtained Stock Exchange approval for the listing of its shares on the market, and on 20 April 2004 the Company started trading its shares on the Athens Exchange.

    In December the subsidiary ALPHA GRISSIN INFOTECH BG AD was established, with registered office in Sofia, Bulgaria. The new company shares the same scope as ALPHA GRISSIN INFOTECH SA and also operates as the first data centre of Bulgaria.

  • 2005

    In April 2005 ALPHA GRISSIN INFOTECH SA participated in the establishment of ALPHA KRAKOW DEVELOPMENT S.P.Z.O.O with registered office in Krakow, Poland. The objective of the new company is real estate management and development in Poland. In parallel, according to its Articles of Association, the company will also operate in the wholesale of home appliances, machinery, fixtures and additional equipment, in consultancy in computer equipment and data processing, the maintenance and repair of office machinery, accounting equipment and computers.

    The Extraordinary General Meeting of the Company's shareholders as of 27/06/2005 (Government Gazette 8923/12.08.2005) decided to change the Company’s name from COMPUTER SUPPORT SYSTEMS SA to COMPUTER APPLICATIONS AND REAL ESTATE.

  • 2006

    ALPHA GRISSIN INFOTECH SA entered energy and more specifically renewable energy sources. It operates in the study and development of wind and photovoltaic parks in selected regions of Greece. Within the second six-month period of 2006, ALPHA GRISSIN INFOTECH SA submitted to the Regulatory Authority for Energy applications for the development of four (4) wind parks and one photovoltaic park.

  • 2007

    Commencement of the construction of the residential and commercial complex “GARDEN RESIDENCE” having a total area of 26,900 square meters, in Poland by the subsidiary ALPHA KRAKOW DEVELOPMENT Spzoo of the Company. The project budget amounts to 40 mil. Euros.

    Establishment of a new subsidiary based in Sofia Bulgaria under the trade name ALPHA GRISSIN CONSULT OOD having as its primary scope the creation and exploitation of renewable energy sources.

    Establishment, in cooperation with DEUTSCHE BANK AG, of DEUTSCHE AEOLIA SA which operates in Greece in the field of renewable energy sources.

  • 2008

    Acquisition of 100% of the shares of Grissin Pappas SA, which operates in the air conditioning market for more than thirty years, as the exclusive representative of PANASONIC air conditioning units.

    Issuance of a construction permit for a residential and commercial complex in Studenski Grad area in Sofia, Bulgaria.

    Signing of a strategic alliance agreement with the international firm KNÜRR, which is a member of EMERSON Group and one of the leading manufacturers of bearing products and cooling systems worldwide.

    Expansion of the real estate activity in Poland, through a 25% participation in the establishment of the company ALPHA MOGILANY DEVELOPMENT Spzoo. The purpose of the new company is the development and management of real estate

    Penetration in the property development market of Romania through the acquisition of 100% of the shares of the Romanian company ZH REAL ESTATE CONSTRUCTION SRL based in Bucharest. ZH REAL ESTATE CONSTRUCTION SRL operates in the real estate sector.

    Issuance of a decision for the merger by absorption of 100% of the subsidiaries "ALFA GRISSIN SERVICES ADMINISTRATIVE AND FINANCIAL LIMITED LIABILITY COMPANY" and "GRISSIN PAPPAS MARKETING AND INSTALLATION OF AIR CONDITIONING UNITS SA".

  • 2009

    Change in the Company's name from "Anonymous Electronic Application Systems Support and Real Estate Development Company" and the distinctive title "ALFA GRISSIN INFOTECH SA" to "ALFA GRISSIN POWER AND ENVIRONMENTAL CONTROL SYSTEMS SA" and "ALFA GRISSIN SA".

    Expansion of activity in the Renewable Energy Sources development sector through the establishment of a subsidiary company (100% participation) in Cyprus, under the name “ALPHA GRISSIN RENEWABLES LIMITED”.

    Establishment of a subsidiary (100% participation) in Cyprus under the trade name “ALPHA GRISSIN INFOTECH LIMITED”, engaged in power systems and environmental control, either directly, or through the establishment of subsidiaries, or the acquisition of companies with the same object in Cyprus and abroad.

    Establishment of subsidiary in Bulgaria under the name “KARNOBAT AEOLIA AD”, in which the 100% owned subsidiary under the name “ALPHA GRISSIN RENEWABLES LIMITED” based in Cyprus participates with 40%. This new company was established in the context of an agreement for the concession of a total land area of 8.424 acres for a period of 30 years, in Karnobat region in central Bulgaria, an area with high wind potential, with the aim of developing and operating wind farms of total capacity 111 MW.

    Change of the trade name of the Romanian subsidiary ”ZH REAL ESTATE CONSTRUCTION SRL”, to ”ALPHA TUNARI DEVELOPMENT SRL”.

    Approval and completion of the merger by absorption of the 100% owned subsidiaries "ALFA GRISSIN SERVICES ADMINISTRATIVE AND FINANCIAL LIMITED LIABILITY COMPANY" and "GRISSIN PAPPAS MARKETING AND INSTALLATION OF AIR CONDITIONING UNITS SA".

  • 2010

    In the context of the strategic plan for the expansion to new markets aiming at the development of commercial activity in the power systems and environmental control domain in Ukraine, the 100% owned subsidiary named ”ALPHA GRISSIN INFOTECH LIMITED” based in Cyprus, participates with 50 % in the establishment of a company under the name ”ALPHA GRISSIN INFOTECH UKRAINE LTD” in Ukraine.

  • 2014

    On May 31, 2014, the subsidiary company ”Alpha Grissin Infotech Limited” through a decision of the Board of Directors decided to participate in the establishment of the Bulgarian company “Alpha Grissin Bcc Group OOD”, based in Sofia.

  • 2015

    Certification as per ISO 14001 and OHSAS 18001 by Bureau Veritas.

  • 2016

    Contract renewal for five years with Vertiv Network Power.