Elcoteq SE was a Finnish[1] consumer electronics contract manufacturer, EMS,[2] and ODM company headquartered in Luxembourg.[3] The company filed for bankruptcy protection in Luxembourg on October 6, 2011.[4]
It was a manufacturer of the BlackBerry and also performed repair and refurbishment services.[5]
History
Founded in 1984 as a microelectronics unit of the Lohja Corporation,[6] the company became independent in an early 1990s management buyout.
Elcoteq made an IPO on the Helsinki Stock Exchange in November 1997.[7]
It manufactured the ill-fated Microsoft Kin for Sharp Corporation in the late 2000s.
On October 6, 2011, Elcoteq filed for bankruptcy in Luxembourg.[8] The loss of a major client, Nokia, to Asian sourcing outfits[9] 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.[10] By 1999 had expanded production to include non-European bases, too.[11]
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.[12]
Clients
The first Elcoteq customers were Ericsson and Nokia.[6] Other clients have included:
Production bases
Elcoteq has had production bases in Brazil, China, Estonia, India, Hungary, Romania, and Mexico.[19]
External links
References
- UPDATE 2-Elcoteq expects turn-around soon, shares up reuters.com, Wed Apr 23, 2008 8:40am EDT^
- About Us Elcoteq Official Site^
- History: Decision on the New Domicile 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^
- History: The Early Years; 1984–1990 Elcoteq Official Site^
- History: Investors Convinced – the Company Goes Public in 1997 Elcoteq Official Site^
- History: Elcoteq SE files for bankruptcy Elcoteq Official Site^
- Ando, Ritsuko. Nokia's woes cast doubt over Finnish model reuters.com, May 18, 2012, retrieved October 1, 2012^
- History: Rapid Entrepreneurial Development; 1992–1997 Elcoteq Official Site^
- History: International Expansion; 1998–2000 Elcoteq Official Site^
- History: Going It Alone; 1990–1991 Elcoteq Official Site^
- History: Service Offering Expands Elcoteq Official Site^
- Market Information Elcoteq Official Site^
- History: 2004; Further Focusing and Expansion of Operations Elcoteq Official Site^
- UPDATE 1-Elcoteq says Kin rollback does not change guidance reuters.com, Thu Jul 1, 2010 11:42am EDT^
- History: New Customers Elcoteq Official Site^
- History: More Challenges in 2007 Elcoteq Official Site^
- Global Service Network Elcoteq Official Site^