INTRACOM S.A. DEFENSE ELECTRONIC SYSTEMS (INTRACOM Defense Electronics) derives from the former INTRACOM S.A. HELLENIC TELECOMMUNICATIONS & ELECTRONICS INDUSTRY (INTRACOM) established in 1977.
In December 2005 INTRACOM was transformed into a holding company by establishing three new subsidiaries: INTRACOM TELECOM (telecommunications solutions), INTRACOM Defense Electronics (defense communications and electronic systems) and INTRACOM International (IT Solutions to goverments, public organizations and private enterprises ).
The business sector “Defense Electronic Systems” has been spun off by INTRACOM and has been absorbed by INTRACOM Defense Electronics. Thereby the rights and obligations of INTRACOM related to the activities of the above business sector have been transferred in whole to INTRACOM Defense Electronics.
INTRACOM's history and development since its establishment in 1977 is presented herein below:
With 10 employees and start-up capital of €15,000, the company begins operating in Argyroupoli, a suburb of Athens, as a small manufacturer and assembler of telecommunications equipment.
Intracom transfers its head offices to Peania, a town near Athens, strategically investing in research, development, and manufacturing of state-of-the-art telecommunications products.
Intracom, in collaboration with Ericsson, qualifies to participate in the upgrading of Greece's national telecommunications network. Most of the systems deployed are manufactured in Greece by Greek engineers.
The company evolves into a large industrial unit capable of mass production, and its research activities are focused on advanced telecommunications and information technology. In 1987, Intrasoft, a subsidiary specializing in the integration of large-scale IT projects, and Intracom Constructions, a subsidiary specializing in complex construction projects mainly in the energy sector, are established in Athens. After just 13 years of successful operation, Intrasoft is ranked by IDC among the top 100 European IT service providers.
Intracom becomes the largest ICT systems provider in Greece and prepares the ground for its international expansion. In 1990, Intracom is listed on the Athens Stock Exchange. In 1992, Intrakat, a subsidiary construction company specializing in large-scale telecommunications infrastructure projects, is established in Athens. The same year, Intracom successfully extends its activities to include high-tech defense electronics systems production. In 1993 Intracom participates in the deployment of the Attica telecommunications network ring. In 1994, Intracom Constructions merges with Intrakat. In 1996, Intrasoft International is established in Luxembourg and within nine years of successful operation is positioned among the primary IT service providers to EU Institutions.
Intracom develops into a multinational group of companies and actively participates in the modernization, upgrading, and expansion process of the national telecommunications networks of Greece, Romania, Armenia, and Moldova. In 1999, Intracom is ranked 70 th among the 200 fastest growing companies (out of 12,000) from 25 countries. In 2001, Intrakat is listed on the Athens Stock Exchange. In 2002, Intrasoft merges with Intracom, and the new company becomes the largest ICT conglomerate in Southeast Europe. The same year, AIT starts its operation. Since 2000, IDC, the international market analysis firm, has consistently ranked Intracom as the leading IT service provider in Greece.
2005 - 2006
A new growth cycle begins. In December 2005, Intracom is transformed into a holding company and three new subsidiaries are established : INTRACOM TELECOM , INTRACOM IT SERVICES and INTRACOM Defense Electronics, in the fields of telecommunications, information technology, and defense communications and electronicsSystems.
As from Monday 23rd of January 2006, the Company name of INTRACOM S.A. HELLENIC TELECOMMUNICATIONS AND ELECTRONICS INDUSTRY (INTRACOM) changed to "INTRACOM HOLDINGS S.A." with the distinctive title "INTRACOM HOLDINGS".