Jun
17

Elcoteq sells Tallinn operations to Ericsson

Finnish electronics maker Elcoteq said in a statement Wednesday that it is selling its manufacturing operations in Tallinn, Estonia, to Sweden's Ericsson.
The deal is worth around 30 million euros.


After the transaction is completed Elcoteq's high-volume production will be concentrated in Pecs, Hungary, the company's only remaining major production plant in Europe.

Elcoteq said in its statement that it would continue small scale operations in Tallinn at a specialised plant.


Source http://newsroom.finland.fi/stt/showarticle.asp


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