Latvian company's mobile surveillance units sold in 19 European countries, with over 100 in Brussels
Latvian company Strops Technologies has sold its mobile video surveillance units in 19 European countries over ten years. In Brussels, the Belgian capital, more than a hundred of its units are on the streets alone.
Strops Technologies, a Latvian company that makes mobile video surveillance equipment, has sold its products in 19 European countries over the past ten years. In Brussels, the capital of Belgium, there are now more than a hundred of the company's units on the streets alone. LSM Diaspora reports on how a small Latvian firm has established itself in the Belgian market.
A bumpy road
The company's growth has not been smooth. On its way to its current position, Strops Technologies went through a component crisis, which affected the availability of parts needed to build its equipment. The company also had to buy back shares held by investors.
In addition, there were markets where the company did not manage to gain a foothold. Success in Belgium and elsewhere in Europe therefore did not come automatically but followed several setbacks.
Why it matters
The story shows that a small Latvian company with a technology product can enter the markets of several European countries, including the Belgian capital. The article's headline uses the quote "Normund, I need 20 'strops'", which reflects demand for the company's units, but the source excerpt does not say who said it or in what circumstances.
