Type | Contract manufacturer |
---|---|
Nasdaq Helsinki: ELQAV | |
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]
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 ]
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]
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]
The first Elcoteq customers were Ericsson and Nokia. [1] Other clients have included:
Elcoteq has had production bases in Brazil, China, Estonia, India, Hungary, Romania, and Mexico. [19]
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