Elcoteq

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Insurance
Former type Contract manufacturer
Traded as OMXELQAV
Industry EMS
Founded 1984[1]
Defunct 2011
Headquarters Luxembourg[2]
Key people Jouni Hartikainen CEO
Website www.elcoteq.com

Elcoteq SE was a Finnish[3] consumer electronics contract manufacturer,[4] EMS,[4] and ODM[5] company headquartered in Luxembourg.[2] The company filed for bankruptcy protection in Luxembourg on October 6, 2011.[6]

It was a manufacturer of the BlackBerry and also performed repair and refurbishment services.[7]

History[edit]

Founded in 1984 as a microelectronics unit of the Lohja Corporation,[1] the company became independent in an early 1990s management buyout.[8]

Elcoteq made an IPO on the Helsinki Stock Exchange in November, 1997.[9]

It manufactured the ill-fated Microsoft Kin for Sharp Corporation in the late 2000s.[10]

On October 6, 2011, Elcoteq filed for bankruptcy in Luxembourg.[11] The loss of a major client, Nokia, to Asian sourcing outfits[12] may have been a contributing cause.[citation needed]

Production base expansion[edit]

Its original production base was in Lohja, Finland,[13] and in 1992 it established an Estonian base.[13] By 1999 had expanded production to include non-European bases, too.[14]

Name[edit]

Representing electronics, contract manufacturing, and technology, Elcoteq was the company's second choice after Finnish regulators would not allow it to register the name Mikrotec.[8]

Clients[edit]

The first Elcoteq customers were Ericsson and Nokia.[1] Other clients have included:

Production bases[edit]

Elcoteq has had production bases in Brazil, China, Estonia, India, Hungary, Romania and Mexico.[19]

References[edit]

  1. ^ a b c History: The Early Years; 1984–1990 Elcoteq Official Site
  2. ^ a b History: Decision on the New Domicile Elcoteq Official Site
  3. ^ UPDATE 2-Elcoteq expects turn-around soon, shares up reuters.com, Wed Apr 23, 2008 8:40am EDT
  4. ^ a b About Us Elcoteq Official Site
  5. ^ a b History: 2004; Further Focusing and Expansion of Operations Elcoteq Official Site
  6. ^ Elcoteq Network S.A. files for bankruptcy - parent to continue controlled management process Elcoteq Official Site
  7. ^ AMS Business Segment: After Market Services Elcoteq Official Site
  8. ^ a b History: Going It Alone; 1990–1991 Elcoteq Official Site
  9. ^ History: Investors Convinced – the Company Goes Public in 1997 Elcoteq Official Site
  10. ^ a b UPDATE 1-Elcoteq says Kin rollback does not change guidance reuters.com, Thu Jul 1, 2010 11:42am EDT
  11. ^ History: Elcoteq SE files for bankruptcy Elcoteq Official Site
  12. ^ Ando, Ritsuko (May 18, 2012). "Nokia's woes cast doubt over Finnish model". reuters.com. Thompson Reuters. Retrieved October 1, 2012. 
  13. ^ a b History: Rapid Entrepreneurial Development; 1992–1997 Elcoteq Official Site
  14. ^ History: International Expansion; 1998–2000 Elcoteq Official Site
  15. ^ a b c d Market Information Elcoteq Official Site
  16. ^ History: Service Offering Expands Elcoteq Official Site
  17. ^ a b c History: New Customers Elcoteq Official Site
  18. ^ a b c History: More Challenges in 2007 Elcoteq Official Site
  19. ^ Global Service Network Elcoteq Official Site

External links[edit]