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Electronics Production | November 02, 2005

Enics completes purchase<br> of Elcoteq assets in China

Swiss based EMS-Provider specialised in industrial electronics, Enics AG, completes its purchase of assets from Elcoteq in China.
Enics earlier announced that it has been granted with a business license to start new operations in Beijing, China. Enics has also entered an agreement according to which Enics Electronics Beijing Limited will buy assets and activities from Elcoteq.

The establishment of its own footprint in China strengthens Enics position to participate in the exciting Chinese market and provides Enics direct access to a large array of local suppliers with highly competitive sourcing capabilities.

According to Swedish news magazine “Elektronik i Norden” Enics expects its annual turnover to be approximately 250 million Euro.

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