What Does Elcoteq Do?

Total employees665
HeadquartersSenningerberg
Founded1984

Elcoteq SE (commonly known as Elcoteq) was a prominent global electronics manufacturing services (EMS) company, originally founded in Finland in 1984. It specialized in engineering, manufacturing, and assembly of high-tech electronic products, primarily for the telecommunications industry, serving major clients like Nokia and Ericsson. At its peak, Elcoteq operated numerous manufacturing plants worldwide and was a key player in the EMS sector. However, facing intense competition, shifting market dynamics, and significant financial difficulties, the company moved its headquarters from Finland to Luxembourg in 2008. Elcoteq ultimately filed for bankruptcy in Luxembourg in October 2011, and its assets were subsequently sold off, marking the end of its operations as a standalone entity.

Where Is Elcoteq's Headquarters?

HQ Function

Served as the global corporate headquarters, overseeing strategic management, financial operations, and legal domicile of Elcoteq SE from 2008 until its bankruptcy in 2011.

Notable Features:

The Luxembourg headquarters was likely standard corporate office space suited for administrative and executive functions. Specific architectural highlights are not widely documented.

Work Culture:

The work culture at the Luxembourg headquarters would have been focused on global strategy, corporate finance, legal affairs, and crisis management during its final years. Detailed accounts of the day-to-day culture are limited due to the company's cessation of operations.

HQ Significance:

The relocation of the headquarters to Luxembourg in 2008 was a significant strategic decision, primarily aimed at optimizing its corporate and tax structure during a period of intense financial pressure. It represented the final corporate seat of the company.

Values Reflected in HQ: The choice of Luxembourg likely reflected strategic financial considerations and a focus on international corporate structuring prevalent in its later operational phase, rather than specific cultural values embodied in the physical office space itself.

Location:

Prior to its bankruptcy, Elcoteq SE operated a substantial global network, with manufacturing plants, design centers, and service operations strategically located across Europe (e.g., Finland, Estonia, Hungary, Romania), Asia (e.g., China, India), and the Americas (e.g., Mexico, Brazil). This footprint enabled Elcoteq to offer comprehensive electronics manufacturing services, including New Product Introduction (NPI), supply chain management, high-volume assembly, testing, and after-sales services, primarily to the telecommunications and consumer electronics industries worldwide.

Street Address:

6D, route de Trèves

City:

Senningerberg

State/Province:

Luxembourg

Country:

Luxembourg

Where Else Does Elcoteq Operate Around the World?

Tallinn, Estonia

Address: Peterburi tee 67a, 11415 Tallinn, Estonia (representative address of its major plant)

Served as a crucial production and logistics hub for major telecom clients and European markets.

Beijing, China

Address: No. 1, Yongchang North Road, Beijing Economic & Technological Development Area, Beijing, P.R.China (historical address)

Supported high-volume production for global export markets as well as the growing Asian domestic market for electronics.

Pécs, Hungary

Address: Edison u. 1., H-7630 Pécs, Hungary (historical address)

Provided manufacturing and assembly services to European customers, offering geographical proximity and responsiveness to regional demands.

Manaus, Brazil

Address: Av. Abiurana, 583 - Distrito Industrial, Manaus - AM, 69075-010, Brazil (historical address)

Key facility for supplying products to the Brazilian and other Latin American markets, managing local content requirements and logistics.

Buying Intent Signals for Elcoteq

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Elcoteq? Meet the Executive Team

As of April 2025, Elcoteq' leadership includes:

Jouni Hartikainen - President and CEO (during final years and bankruptcy)
Mikko Puolakka - Chief Financial Officer (CFO) (during final years and bankruptcy)
Vesa Keränen - Executive Vice President, Operations (circa 2008-2010)
Markku Illikainen - Senior Vice President, Human Resources (circa 2008-2010)

Who's Investing in Elcoteq?

Elcoteq has been backed by several prominent investors over the years, including:

EQT Partners (Private equity firm that acquired Elcoteq and later took it public)
Solidium Oy (Finnish state-owned investment company, former shareholder)
Publicly Traded on Nasdaq OMX Helsinki (until delisting in 2011)
Various institutional and private investors (during its time as a public company)

What Leadership Changes Has Elcoteq Seen Recently?

Hire0
Exits0

In the 12 months leading up to its October 2011 bankruptcy (Oct 2010 - Oct 2011), Elcoteq's executive leadership, including President and CEO Jouni Hartikainen and CFO Mikko Puolakka, was intensely focused on navigating extreme financial distress and complex restructuring efforts. Major new C-suite appointments or high-profile departures were not prominent in public records during this specific period, as the existing core team managed the ongoing crisis until the company's declaration of bankruptcy.

Departures

N/A, No widely publicized high-profile departures from the core C-Suite (CEO, CFO) were noted in the 12 months immediately preceding bankruptcy.

New Appointments:

N/A, No widely publicized new C-Suite appointments were noted in the 12 months immediately preceding bankruptcy, as focus was on crisis management.

What Technology (Tech Stack) Is Used byElcoteq?

Discover the tools Elcoteq uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Elcoteq Email Formats and Examples

As Elcoteq is no longer operational, its email system is defunct. Historically, companies of its size and structure commonly used standardized email formats. A likely format for Elcoteq employees would have been a combination of first and last names.

[first].[last]@elcoteq.com

Format

jane.doe@elcoteq.com

Example

0%

Success rate

What's the Latest News About Elcoteq?

ReutersOctober 7, 2011

Elcoteq SE Files for Bankruptcy in Luxembourg

Electronics manufacturing services provider Elcoteq SE announced it had filed for bankruptcy for its parent company in Luxembourg. This decision came after prolonged financial difficulties, inability to secure new financing, and failed restructuring attempts to manage its debt burden....more

Nasdaq OMX Helsinki / CisionOctober 21, 2011

Elcoteq SE Shares Delisted from Nasdaq OMX Helsinki

Following Elcoteq SE's bankruptcy filing, Nasdaq OMX Helsinki decided to delist the company's shares. Trading in Elcoteq shares had already been suspended earlier in the month due to the financial situation....more

Reuters / Various Business NewsDecember 22, 2011

PKC Group Acquires Elcoteq's Wiring Systems Business

In the aftermath of Elcoteq's bankruptcy, its assets were sold off. PKC Group Oyj acquired Elcoteq SE's wiring systems business, including operations in Estonia, Mexico, and Brazil, as part of the liquidation process....more

Reuters / Elcoteq Press ReleasesOctober 27, 2007 (Announcing 2008 move)

Elcoteq Plans to Relocate Headquarters to Luxembourg

Elcoteq announced its plan to transfer its corporate seat from Finland to Luxembourg, establishing a European Company (Societas Europaea, SE). The move, completed in 2008, was aimed at enhancing its international corporate structure and positioning....more

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