Elcoteq
Encyclopedia
Elcoteq SE is a Finnish
contract manufacturer
, EMS
, and ODM
company headquartered in Luxembourg
. The company filed for bankruptcy protection in Luxembourg on October 6 2011.
While it may well be a maker of the BlackBerry
, it provides products and services to other companies–not consumers
. One of its services is repair and refurbishment.
.
Elcoteq made an IPO
on the Helsinki Stock Exchange
in November, 1997.
It manufactured the ill-fated Microsoft Kin for Sharp Corporation
in the late 2000s.
On October 6, 2011, Elcoteq filed for bankruptcy in Luxembourg.
, Finland, in 1992 it established an Estonian one and by 1999 had expanded production to include non-European bases, too.
and Nokia
. Other clients have included:
, Brazil; Beijing
and Dongguan
, China; Tallinn
, Estonia; Pécs
, Hungary; Bangalore
, India; and Juárez
and Monterrey
, Mexico.
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
contract manufacturer
Contract manufacturer
A contract manufacturer is a manufacturer that contracts with a firm for components or products. It is a form of outsourcing.-Business model:...
, EMS
Electronics manufacturing services
Electronic manufacturing services is a term used for companies that design, test, manufacture, distribute, and provide return/repair services for electronic components and assemblies for original equipment manufacturers...
, and ODM
Original Design Manufacturer
An original design manufacturer is a company which designs and manufactures a product which is specified and eventually branded by another firm for sale. Such companies allow the brand firm to produce without having to engage in the organization or running of a factory...
company headquartered in Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
. The company filed for bankruptcy protection in Luxembourg on October 6 2011.
While it may well be a maker of the BlackBerry
BlackBerry
BlackBerry is a line of mobile email and smartphone devices developed and designed by Canadian company Research In Motion since 1999.BlackBerry devices are smartphones, designed to function as personal digital assistants, portable media players, internet browsers, gaming devices, and much more...
, it provides products and services to other companies–not consumers
Consumer
Consumer is a broad label for any individuals or households that use goods generated within the economy. The concept of a consumer occurs in different contexts, so that the usage and significance of the term may vary.-Economics and marketing:...
. One of its services is repair and refurbishment.
History
Founded in 1984 as a microelectronics unit of the Lohja Corporation, the company became independent in an early 1990s management buyoutManagement buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
.
Elcoteq made an IPO
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
on the Helsinki Stock Exchange
Helsinki Stock Exchange
The Helsinki Stock Exchange is a stock exchange located in Helsinki, Finland. Since 3 September 2003 it has been part of OMX, referred to as OMX Helsinki . Since NASDAQ's acquisition of OMX in February 2008, the official name of the Helsinki exchange has been NASDAQ OMX Helsinki.- History :The...
in November, 1997.
It manufactured the ill-fated Microsoft Kin for Sharp Corporation
Sharp Corporation
is a Japanese multinational corporation that designs and manufactures electronic products. Headquartered in Abeno-ku, Osaka, Japan, Sharp employs more than 55,580 people worldwide as of June 2011. The company was founded in September 1912 and takes its name from one of its founder's first...
in the late 2000s.
On October 6, 2011, Elcoteq filed for bankruptcy in Luxembourg.
Production base expansion
While its original production base was in LohjaLohja
Lohja , is a town and municipality of Finland.It is located in the province of Southern Finland and is part of the Uusimaa region. The town has a population of and covers an area of ofwhich is water...
, Finland, in 1992 it established an Estonian one and by 1999 had expanded production to include non-European bases, too.
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.Clients
The first Elcoteq customers were EricssonEricsson
Ericsson , one of Sweden's largest companies, is a provider of telecommunication and data communication systems, and related services, covering a range of technologies, including especially mobile networks...
and Nokia
Nokia
Nokia Corporation is a Finnish multinational communications corporation that is headquartered in Keilaniemi, Espoo, a city neighbouring Finland's capital Helsinki...
. Other clients have included:
- EADSEADSThe European Aeronautic Defence and Space Company N.V. is a global pan-European aerospace and defence corporation and a leading defence and military contractor worldwide...
- FunaiFunaiFunai Electric is a Japanese consumer electronics company headquartered in Daitō, Osaka. The company was founded in 1961. It owns the subsidiary Funai Corporation, Inc., established in the United States since 1991, to market and maintain Funai-licensed brands such as Sylvania, Emerson Radio,...
- HuaweiHuaweiHuawei is a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong, China...
- HumaxHumaxHumax is an electronics company. Founded in South Korea in 1989, it manufactures set-top boxes, digital video recorders and other consumer electronics. It is publicly traded on KOSDAQ....
- Marconi Electronic SystemsMarconi Electronic SystemsMarconi Electronic Systems , or GEC-Marconi as it was until 1998, was the defence arm of The General Electric Company . It was demerged from GEC and acquired by British Aerospace on November 30, 1999 to form BAE Systems...
- Nokia Siemens NetworksNokia Siemens NetworksNokia Siemens Networks is a global data networking and telecommunications equipment company headquartered in Espoo, Finland. It is a joint venture between Nokia of Finland and Siemens of Germany...
- PhilipsPhilipsKoninklijke Philips Electronics N.V. , more commonly known as Philips, is a multinational Dutch electronics company....
- Research In MotionResearch In MotionResearch In Motion Limited or RIM is a Canadian multinational telecommunications company headquartered in Waterloo, Ontario, Canada that designs, manufactures and markets wireless solutions for the worldwide mobile communications market...
- Sharp CorporationSharp Corporationis a Japanese multinational corporation that designs and manufactures electronic products. Headquartered in Abeno-ku, Osaka, Japan, Sharp employs more than 55,580 people worldwide as of June 2011. The company was founded in September 1912 and takes its name from one of its founder's first...
- SiemensSiemensSiemens may refer toSiemens, a German family name carried by generations of telecommunications industrialists, including:* Werner von Siemens , inventor, founder of Siemens AG...
- Sony EricssonSony EricssonSony Ericsson Mobile Communications AB is a joint venture established on October 1, 2001 by the Japanese consumer electronics company Sony Corporation and the Swedish telecommunications company Ericsson to manufacture mobile phones....
- TellabsTellabsTellabs, Inc. is a telecommunications company that designs and manufactures equipment for service providers.Ranked among the BusinessWeek InfoTech 100, Tellabs is part of the NASDAQ-100 Index, NASDAQ Global Select Market, Ocean Tomo 300 Patent Index and the S&P 500...
- Thomson SAThomson SATechnicolor SA , formerly Thomson SA and Thomson Multimedia, is a French international provider of solutions for the creation, management, post-production, delivery and access of video, for the Communication, Media and Entertainment industries. Technicolor’s headquarters are located in Issy les...
Production bases
Elcoteq had production bases in ManausManaus
Manaus is a city in Brazil, the capital of the state of Amazonas. It is situated at the confluence of the Negro and Solimões rivers. It is the most populous city of Amazonas, according to the statistics of Brazilian Institute of Geography and Statistics, and is a popular ecotourist destination....
, Brazil; Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
and Dongguan
Dongguan
Dongguan is a prefecture-level city in central Guangdong province, People's Republic of China.An important industrial city located in the Pearl River Delta, Dongguan borders the provincial capital of Guangzhou to the north, Huizhou to the northeast, Shenzhen to the south, and the Pearl River to...
, China; Tallinn
Tallinn
Tallinn is the capital and largest city of Estonia. It occupies an area of with a population of 414,940. It is situated on the northern coast of the country, on the banks of the Gulf of Finland, south of Helsinki, east of Stockholm and west of Saint Petersburg. Tallinn's Old Town is in the list...
, Estonia; Pécs
Pécs
Pécs is the fifth largest city of Hungary, located on the slopes of the Mecsek mountains in the south-west of the country, close to its border with Croatia. It is the administrative and economical centre of Baranya county...
, Hungary; Bangalore
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
, India; and Juárez
Juárez
Juárez may refer to a number of places and things, most of which are named after Benito Juárez, President of Mexico on several occasions during the 19th century.Mexican cities and towns...
and Monterrey
Monterrey
Monterrey , is the capital city of the northeastern state of Nuevo León in the country of Mexico. The city is anchor to the third-largest metropolitan area in Mexico and is ranked as the ninth-largest city in the nation. Monterrey serves as a commercial center in the north of the country and is the...
, Mexico.