Elcoteq
| Contract manufacturer | |
| Traded as | 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]
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.
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:
- Aastra
- Ascom
- EADS[15]
- Funai[16]
- Huawei[15]
- Humax[15]
- Marconi Electronic Systems[17]
- Nokia Siemens Networks[15]
- Philips[18]
- Research In Motion[5]
- Sharp Corporation[10]
- Siemens[17]
- Sony Ericsson[18]
- Swissvoice
- Tellabs[17]
- Thomson SA[18]
Production bases
Elcoteq has had production bases in Brazil, China, Estonia, India, Hungary, Romania, and Mexico.[19]
References
- 1 2 3 History: The Early Years; 1984–1990 Elcoteq Official Site
- 1 2 History: Decision on the New Domicile Elcoteq Official Site
- ↑ UPDATE 2-Elcoteq expects turn-around soon, shares up reuters.com, Wed Apr 23, 2008 8:40am EDT
- 1 2 About Us Elcoteq Official Site
- 1 2 History: 2004; Further Focusing and Expansion of Operations Elcoteq Official Site
- ↑ Elcoteq Network S.A. files for bankruptcy - parent to continue controlled management process Elcoteq Official Site
- ↑ AMS Business Segment: After Market Services Elcoteq Official Site
- 1 2 History: Going It Alone; 1990–1991 Elcoteq Official Site
- ↑ History: Investors Convinced – the Company Goes Public in 1997 Elcoteq Official Site
- 1 2 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 Elcoteq Official Site
- ↑ Ando, Ritsuko (May 18, 2012). "Nokia's woes cast doubt over Finnish model". reuters.com. Thompson Reuters. Retrieved October 1, 2012.
- 1 2 History: Rapid Entrepreneurial Development; 1992–1997 Elcoteq Official Site
- ↑ History: International Expansion; 1998–2000 Elcoteq Official Site
- 1 2 3 4 Market Information Elcoteq Official Site
- ↑ History: Service Offering Expands Elcoteq Official Site
- 1 2 3 History: New Customers Elcoteq Official Site
- 1 2 3 History: More Challenges in 2007 Elcoteq Official Site
- ↑ Global Service Network Elcoteq Official Site