Riello UPS, one of Europe’s largest UPS manufacturers, was named UPS Company of the Year at the recent Frost & Sullivan Best Practice Awards.
After extensive analysis of the Uninterruptible Power Supply (UPS) market, the judges at Frost & Sullivan were impressed with Riello UPS’ product portfolio as well as its growth through both organic development and strategic acquisitions.
The Company of the Year award is presented to a company that has excelled in growth strategy and implementation and in achieving a high degree of innovation with products and technologies. The company is also commended for its leadership in customer value and market penetration.
Riello UPS has steadily ranked among the top five players in the European UPS market over the last decade. Its revenues have risen by 85 per cent in 2011 compared to 2005, while its market share has grown from around nine per cent to 11 per cent in 2011.
In 2011, Riello UPS acquired Marm UPS, an Australian UPS company, forming part of its strategy to maintain a direct presence worldwide.
