VITEC GROUP

Description

Vitec Group plc is a UK-based company that provides the content creation market with software and hardware products and solutions. It was founded in the year 1909 and its headquarters are situated in Richmond, United Kingdom. The company is listed and traded on the London Stock Exchange. It has many subsidiaries, which include Vitec Production Solutions Ltd, Gitzo, Vitec Imaging Solutions Spa, RT Motion Systems Ltd, Vitecgroup Italia Spa, Vitec Videocom Gmbh, Manfrotto Distribution Inc., Vitec Creative Solutions UK Limited, and many more. The company 25 world class brands who are leading in their respective product markets.

The group employs approximately 1,700 people across 11 countries. These cover Australia, China, Costa Rica, Germany, Israel, Japan, Italy, New Zealand, Singapore, the US, and the UK.  The business operations of the company can be segregated into three broad divisions, which are creative solutions, production solutions, and imaging solutions. The company is involved in designing, manufacturing, and distributing as wide range of products and solutions to its customers. These include video transmission systems and monitors, smartphone accessories, light emitting diodes (LED), noise reduction equipment, robotic camera systems, live streaming solutions, camera supports, bags and motion control etc.

The company has a substantial customer base covering production and rental companies, independent content creators, film studios, broadcasters, photographers, and enterprises. It focuses on its customers and aims to maximise their satisfaction and convenience by coming up with high quality and exceptional product performance. It tries to increase its global footprint and capabilities while adapting with the fast-changing market conditions. Latest technology is used by the company to help content creators survive and thrive in the dynamic market. It aims to build and maintain a high-quality and diversified portfolio to maximise the risk-adjusted returns for all stakeholders, including shareholder, customers and suppliers.

The Vitec Group follows a well-defined framework of corporate governance and aligns itself with the UK Corporate Governance Code, 2018. It has an ethical code of conduct for running its business operations and it promotes a culture of integrity, transparency, and accountability in the organisation. It focuses on safe working conditions and accurate reporting and fulfils all its corporate responsibilities. It has strict policies in place for anti-corruption and bribery, health and safety, modern slavery, supply chain, IT, and cyber security. In addition to that, it also fulfils all its social and environmental responsibilities as well. It has a comprehensive ESG framework and focuses on reducing its energy usage and greenhouse gas emissions to reduce its carbon footprint and create a positive impact on the planet.