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Elcoteq

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Insurance
Company typeContract manufacturer
Traded asNasdaq HelsinkiELQAV
IndustryEMS
Founded1984
Defunct2011
HeadquartersLuxembourg
Key peopleJouni Hartikainen CEO
Websitewww.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:

Production bases

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

References

  1. ^ History: The Early Years; 1984–1990 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  2. ^ History: Decision on the New Domicile Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  3. UPDATE 2-Elcoteq expects turn-around soon, shares up reuters.com, Wed Apr 23, 2008 8:40am EDT
  4. ^ About Us Archived 2011-02-20 at the Wayback Machine Elcoteq Official Site
  5. ^ History: 2004; Further Focusing and Expansion of Operations Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  6. Elcoteq Network S.A. files for bankruptcy - parent to continue controlled management process Archived 2011-10-08 at the Wayback Machine Elcoteq Official Site
  7. AMS Business Segment: After Market Services Archived 2011-06-13 at the Wayback Machine Elcoteq Official Site
  8. ^ History: Going It Alone; 1990–1991 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  9. History: Investors Convinced – the Company Goes Public in 1997 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  10. ^ 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 Archived 2012-04-06 at the Wayback Machine Elcoteq Official Site
  12. Ando, Ritsuko (May 18, 2012). "Nokia's woes cast doubt over Finnish model". reuters.com. Thomson Reuters. Retrieved October 1, 2012.
  13. ^ History: Rapid Entrepreneurial Development; 1992–1997 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  14. History: International Expansion; 1998–2000 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  15. ^ Market Information Archived 2010-11-13 at the Wayback Machine Elcoteq Official Site
  16. History: Service Offering Expands Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  17. ^ History: New Customers Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  18. ^ History: More Challenges in 2007 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  19. Global Service Network Archived 2010-11-13 at the Wayback Machine Elcoteq Official Site

External links

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