Ericsson Nikola Tesla
Encyclopedia
Ericsson Nikola Tesla d.d. is the Croatia
n affiliate of the Swedish
telecommunication
s equipment manufacturer Ericsson
. The company is named after the inventor Nikola Tesla
and is the largest specialized provider of modern telecommunications products, solutions and services in central and eastern Europe.
The company is quoted on the Zagreb Stock Exchange
, independently of Ericsson.
, then SFR Yugoslavia. It was very successful in the local telecommunications market, and the regional markets, especially of Europe
, for over forty years. It became a licence partner of Ericsson
of Sweden in 1953, selling large volumes of Ericsson systems into the USSR and other markets from 1958.
In 1977, the company began making Ericsson AXE switches under licence.
With the collapse of communism and the independence of Croatia, the state began looking to privatize the corporation in the year 1992. By 1994, Ericsson
emerged as the highest bidder and took a share of the corporation just short of majority ownership, integrating operations to a significant extent by 1995.
Significant customers exist in Croatia and Bosnia and Herzegovina
, as well as Russia, other states of the former USSR and SFR, and parts of Africa and the Middle East, and the company markets to Croatia, foreign markets and the Ericsson Group. Sixty percent of sales are exports.
Market capitalisation exceeds 300 million US$.
Croatia
Croatia , officially the Republic of Croatia , is a unitary democratic parliamentary republic in Europe at the crossroads of the Mitteleuropa, the Balkans, and the Mediterranean. Its capital and largest city is Zagreb. The country is divided into 20 counties and the city of Zagreb. Croatia covers ...
n affiliate of the Swedish
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
telecommunication
Telecommunication
Telecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...
s equipment manufacturer Ericsson
Ericsson
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...
. The company is named after the inventor Nikola Tesla
Nikola Tesla
Nikola Tesla was a Serbian-American inventor, mechanical engineer, and electrical engineer...
and is the largest specialized provider of modern telecommunications products, solutions and services in central and eastern Europe.
The company is quoted on the Zagreb Stock Exchange
Zagreb Stock Exchange
The Zagreb Stock Exchange or ZSE is a stock exchange located in Zagreb, Croatia. It is Croatia's only stock exchange. The exchange trades shares of Croatian companies, as well as bonds and commercial bills....
, independently of Ericsson.
History
Ericsson Nikola Tesla traces its roots back to the state-owned Nikola Tesla Corporation founded in 1949 in ZagrebZagreb
Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...
, then SFR Yugoslavia. It was very successful in the local telecommunications market, and the regional markets, especially of Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, for over forty years. It became a licence partner of Ericsson
Ericsson
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...
of Sweden in 1953, selling large volumes of Ericsson systems into the USSR and other markets from 1958.
In 1977, the company began making Ericsson AXE switches under licence.
With the collapse of communism and the independence of Croatia, the state began looking to privatize the corporation in the year 1992. By 1994, Ericsson
Ericsson
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...
emerged as the highest bidder and took a share of the corporation just short of majority ownership, integrating operations to a significant extent by 1995.
Operations
The company is based in Zagreb, with some R&D activities in Split. Staff number in excess of 1450. Gordana Kovačević serves as president of Ericsson Nikola Tesla and head of its Management Board, while its Supervisory Board is normally headed by the head of the Ericsson Market Unit which includes Croatia.Significant customers exist in Croatia and Bosnia and Herzegovina
Bosnia and Herzegovina
Bosnia and Herzegovina , sometimes called Bosnia-Herzegovina or simply Bosnia, is a country in Southern Europe, on the Balkan Peninsula. Bordered by Croatia to the north, west and south, Serbia to the east, and Montenegro to the southeast, Bosnia and Herzegovina is almost landlocked, except for the...
, as well as Russia, other states of the former USSR and SFR, and parts of Africa and the Middle East, and the company markets to Croatia, foreign markets and the Ericsson Group. Sixty percent of sales are exports.
Finances
Sales for 2007 totalled 1.78 billion US$, having risen year-on-year for many years. Steadily rising costs of sales have eroded profit, with net income being just under 200 million US$ for 2007.Market capitalisation exceeds 300 million US$.
External links
- Ericsson Nikola Tesla - Official site