Galvor company

Galvor Company founded in 1946, and had been an independently owned and operated French company by it’s founder, owner, and president M. Georges Latour. The company had acted as a fabricator, buying parts and assembling them into high quality, moderate-cost electric and electronic measuring and test equipment. Latour had always been personally involved in every detail of the firm’s operations as in most family owned businesses (signing important checks). Most growth was experienced in 1960 ($2.2M) – 1971 ($12M). On April 1, 1974, the company was sold to Universal Electric Company, a large, multinational organization with its European headquarters located in Geneva, Switzerland. The company headquarters was located in the U.S.
The heart of UE’s reporting and control system was an extremely comprehensive and detailed business planning process. The approved business plan was the primary standard for evaluating the performance of unit managers and everything possible was done to...