Elcoteq
 |
| Company 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]
History
[edit]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
[edit]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
[edit]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
[edit]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
[edit]Elcoteq has had production bases in Brazil, China, Estonia, India, Hungary, Romania, and Mexico.[19]
References
[edit]- ^ a b c History: The Early Years; 1984–1990 Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- ^ a b 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
- ^ a b About Us Archived 2011-02-20 at the Wayback Machine Elcoteq Official Site
- ^ a b 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
- ^ a b 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
- ^ a b 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.
- ^ a b 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
- ^ a b c d 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
- ^ a b c History: New Customers Archived 2009-05-01 at the Wayback Machine Elcoteq Official Site
- ^ a b c 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
