Conrad Electronic

Conrad Electronic SE
Company typeSocietas Europaea
IndustryWholesale trade in electrical components and technical supplies
Founded1923 (1923) in Berlin, Germany
FounderMax Conrad
Headquarters
Hirschau
,
Germany
Key people
RevenueEUR 988 million (2021)
Number of employees
2,300 (2024)[1]
Websitewww.conrad.com
Footnotes / references
[2]

Conrad Electronic SE is a European multinational retailer of electronic products and technology based in Hirschau, Germany. It operates a digital procurement platform for technical requirements in distance selling (mainly online) as well as products and services via its own sales team.[3]

Company profile

The company was founded in Berlin in 1923[4] by Max Conrad. Since 1946, the company is headquartered in Hirschau, Germany. Conrad started out as a mail-order business for electronic components. Today, Conrad has been family-run for four generations and is one of Europe’s leading multi-channel retailers of electronics and technology.[3]

Conrad Electronic SE is a wholly owned subsidiary of Conrad Holding SE. This in turn is managed as a family business by the Conrad family. Conrad Electronic SE is a trading company that operates exclusively in Germany. The company also operates as a marketplace operator in Germany and Austria. Business in other European countries is handled by international companies of the Conrad Group.[5]

Conrad Electronic has been expanding its B2B business since 1998. In 2022, 70 per cent of annual sales came from the B2B business.[6] Conrad Business Supplies was founded in 1998 to increasingly address business customers. In 2017, the Conrad B2B Marketplace was launched, through which other retailers and manufacturers can also sell products. In 2020, the Conrad Sourcing Platform was introduced as a procurement platform for the technical needs of business customers.[7]

Ralf Bühler has been CEO of Conrad Electronic SE since 1 January 2021.[8]

The Conrad Electronic Group has currently more than 2300 employees worldwide (2024).[9]

International activities

According to its own information, Conrad is active in 17 European countries.[10]

In 2013, the Conrad Group acquired SOS Electronic (Hungary) and Rapid Electronics (UK). The acquisition was part of the Conrad Business Supplies strategy.[11] Conrad has also been active with an online marketplace in Austria (2021) and in the Netherlands since 2022.[12] This was followed in 2023 by a marketplace for the Italian B2B market.[13]

CEI Conrad Electronic International HK Ltd. is the subsidiary of Conrad based in Hong Kong.[14] CEI HK has been active in the Asian markets for over 40 years. The company has been operating its own purchasing offices in Hong Kong since 1988.[15]

References

  1. ^ Conrad Electronic SE. "Über uns" (in German). Retrieved 2024-06-04.
  2. ^ Conrad Electronic SE. "Impressum" (in German). Retrieved 2024-06-04.
  3. ^ a b Conrad Electronic. "Company". Retrieved June 4, 2024.
  4. ^ Company Overview of Conrad Electronic SE.Bloomberg Businessweek, 2013. Accessed 9 June 2013.
  5. ^ Conrad Electronic (2022). Conrad Sustainability Report 2022. p. 4.
  6. ^ Handelsblatt (May 22, 2023). "Chef von Conrad Electronic "Amazon hatten wir nichts entgegenzusetzen"". Retrieved June 4, 2024.
  7. ^ Conrad Electronic. "History". Retrieved June 4, 2024.
  8. ^ all electronics (October 6, 2020). "Ralf Bühler wird 2021 CEO von Conrad". Retrieved June 4, 2024.
  9. ^ Conrad Electronic. "About us". Retrieved June 4, 2024.
  10. ^ Conrad Electronic. "Holdings". Retrieved June 4, 2024.
  11. ^ Conrad Electronic. "History". Retrieved June 4, 2024.
  12. ^ Mirakl. "Case Study: The Conrad Marketplace". Retrieved June 4, 2024.
  13. ^ elettronica (26 February 2023). "Conrad Electronic launches marketplace for business customers in Italy". Retrieved June 4, 2024.
  14. ^ Conrad Electronics (2022). Conrad Sustainability Report 2022. p. 13.
  15. ^ Conrad Electronic International. "About CEI HK". Retrieved June 4, 2024.
Wikimedia Commons has media related to Conrad Electronic.