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Company type | Contract manufacturer |
---|---|
Traded as | Nasdaq Helsinki: ELQAV |
Industry | EMS |
Founded | 1984 |
Defunct | 2011 |
Headquarters | Luxembourg |
Key people | Jouni Hartikainen CEO |
Website | www.elcoteq.com |
Elcoteq SE was a Finnish consumer electronics contract manufacturer, EMS, and ODM company headquartered in Luxembourg. The company filed for bankruptcy protection in Luxembourg on October 6, 2011.
It was a manufacturer of the BlackBerry and also performed repair and refurbishment services.
History
Founded in 1984 as a microelectronics unit of the Lohja Corporation, the company became independent in an early 1990s management buyout.
Elcoteq made an IPO on the Helsinki Stock Exchange in November 1997.
It manufactured the ill-fated Microsoft Kin for Sharp Corporation in the late 2000s.
On October 6, 2011, Elcoteq filed for bankruptcy in Luxembourg. The loss of a major client, Nokia, to Asian sourcing outfits may have been a contributing cause.
Production base expansion
Its original production base was in Lohja, Finland, and in 1992 it established an Estonian base. By 1999 had expanded production to include non-European bases, too.
Name
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.
Clients
The first Elcoteq customers were Ericsson and Nokia. Other clients have included:
- Aastra
- Ascom
- EADS
- Funai
- Huawei
- Humax
- Marconi Electronic Systems
- Nokia Siemens Networks
- Philips
- Research In Motion
- Sharp Corporation
- Siemens
- Sony Ericsson
- Swissvoice
- Tellabs
- Thomson SA
Production bases
Elcoteq has had production bases in Brazil, China, Estonia, India, Hungary, Romania, and Mexico.
References
- ^ History: The Early Years; 1984–1990 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- ^ History: Decision on the New Domicile Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- UPDATE 2-Elcoteq expects turn-around soon, shares up reuters.com, Wed Apr 23, 2008 8:40am EDT
- ^ About Us Archived 2011-02-20 at the Wayback Machine Elcoteq Official Site
- ^ History: 2004; Further Focusing and Expansion of Operations Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- Elcoteq Network S.A. files for bankruptcy - parent to continue controlled management process Archived 2011-10-08 at the Wayback Machine Elcoteq Official Site
- AMS Business Segment: After Market Services Archived 2011-06-13 at the Wayback Machine Elcoteq Official Site
- ^ History: Going It Alone; 1990–1991 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- History: Investors Convinced – the Company Goes Public in 1997 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- ^ UPDATE 1-Elcoteq says Kin rollback does not change guidance reuters.com, Thu Jul 1, 2010 11:42am EDT
- History: Elcoteq SE files for bankruptcy Archived 2012-04-06 at the Wayback Machine Elcoteq Official Site
- Ando, Ritsuko (May 18, 2012). "Nokia's woes cast doubt over Finnish model". reuters.com. Thomson Reuters. Retrieved October 1, 2012.
- ^ History: Rapid Entrepreneurial Development; 1992–1997 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- History: International Expansion; 1998–2000 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- ^ Market Information Archived 2010-11-13 at the Wayback Machine Elcoteq Official Site
- History: Service Offering Expands Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- ^ History: New Customers Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- ^ History: More Challenges in 2007 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- Global Service Network Archived 2010-11-13 at the Wayback Machine Elcoteq Official Site