Elcoteq

Last updated
Insurance
Company typeContract manufacturer
Nasdaq Helsinki:  ELQAV
Industry EMS
Founded1984 [1]
Defunct2011
HeadquartersLuxembourg [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]

Contents

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

History

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

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

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

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

Production bases

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

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References

  1. 1 2 3 History: The Early Years; 1984–1990 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  2. 1 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. 1 2 About Us Archived 2011-02-20 at the Wayback Machine Elcoteq Official Site
  5. 1 2 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. 1 2 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. 1 2 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. 1 2 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. 1 2 3 4 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. 1 2 3 History: New Customers Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
  18. 1 2 3 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
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