Hanza completes acquisition of Milectria October 01, 2025 Sweden EMS provider Hanza has completed the acquisition of Milectria, a contract manufacturer of electrical systems for the defence industry. The acquisition is described as an important step in Hanza's LYNX program and strengthens the group's capacity and geographical presence.
Poland in the race for the Baltic AI GigaFactory August 29, 2025 Poland, together with Estonia, Lithuania and Latvia, has submitted an Expression of Interest to the European Commission for the creation of the Baltic AI GigaFactory – a project valued at around 3 billion euros and designed to become the region’s largest high-performance computing infrastructure for artificial intelligence. According to Poland’s Ministry of Digital Affairs, the proposal was formally lodged in June 2025 as part of the EU’s InvestAI initiative. Now these countries must wait for a decision.
Polymatech completes PCB manufacturing facility in Estonia August 15, 2025 Polymatech Electronics Limited has commissioned its new PCB manufacturing facility in Estonia, furthering the company's expansion into the European market.
Boreo completes acquisition of Elfa Distrelec sales operations in Finland and the Baltics August 07, 2025 Boreo Plc has completed its acquisition of Elfa Distrelec's sales operations in Finland, Estonia, Latvia, and Lithuania. The transaction was originally announced back in April earlier this year.
Hanza boosts LYNX program through acquisition of defense manufacturer July 18, 2025 Headquartered in Finland, Milectria is a contract manufacturer of electrical systems for military vehicles, weapon systems and other products for demanding environments.
Boreo acquires Elfa Distrelec sales activities in Finland and the Baltics April 09, 2025 Boreo has signed an agreement to acquire the sales activities of Elfa Distrelec in Finland, Latvia, Estonia and Lithuania from RS Group.
Breaking down the Nordic EMS market – a top 10 list March 27, 2025 The Nordic EMS industry is thriving, with over 74 companies in Sweden, 39 in Finland, 28 in Denmark, and 17 in Norway competing for market share. As the industry experiences continued growth, fuelled by continuous innovation and a changing technology landscape, the top players are cementing their dominance.
Incap invests in X-ray technology at its Estonian factory March 05, 2025 EMS provider Incap has enhanced its quality control capabilities at its operations in Saaremaa, Estonia, with a new high-resolution X-ray system.
Ericsson will not proceed with investment in Estonia December 20, 2024 In June 2023, Ericsson announced that it would invest 155 million euros to build a next-generation smart manufacturing and technology hub in Tallinn, Estonia. But now it turns out that the Swedish company is abandoning its plans.
Hanza acquires Finnish manufacturer Leden December 12, 2024 Hanza AB has signed an agreement to acquire Leden Group, a Finnish company in advanced mechanics manufacturing with a turnover of approximately SEK 1,1 billion (EUR 95.4 million).
EU makes a push to boost European AI innovation December 12, 2024 The European High Performance Computing Joint Undertaking (EuroHPC) has selected seven proposals to establish and operate the first AI Factories across Europe.
GPV moves SMT line from Estonia to Mexico September 26, 2024 In September 2024, EMS provider GPV installed an additional SMT line at its electronics factory in Guadalajara, Mexico, after transferring the SMT line from the company's electronics factory in Elva, Estonia.
HERMA turns to Scanfil for manufacturing muscles September 26, 2024 Scanfil and HERMA have agreed on the PCBA of HERMA’s flagship product HERMA 500. HERMA is a European supplier of labelling solutions with over EUR 420 million in annual revenue.
AQ Group acquires electromechanical firm Rockford Components July 12, 2024 AQ Group, a Swedish-based Nasdaq-listed components supplier, has snapped up its UK-based counterpart Rockford Components for a minimum of $1.7m.
Skeleton participates in Hydrogen IPCEI Hy2Move July 05, 2024 Skeleton will participate in the Hydrogen IPCEI Hy2Move for the transportation sector, aiming to develop pioneering high-power energy storage solutions that address the functional shortcomings of hydrogen fuel cells (H2FC), extend their lifespan, and increase efficiency.
Framery selects Scanfil as its production partner June 26, 2024 EMS provider Scanfil has signed a framework agreement on the manufacture of components that contain electronics for Framery, a Finnish developer of soundproof pods and booths.
Estonian company starts production of EV fast chargers June 18, 2024 Estonian technology company Bercman Technologies has formed a new subsidiary, Bercman Energy. The core business of the new subsidiary is the production, and sale of fast chargers for electric vehicles.
Incap's revenues slips 29% during 3Q October 26, 2023 EMS provider Incap saw its revenue slip by 29% during the third quarter of 2023, a consequence of its largest customer's need to reduce its inventories.
Skeleton unveils its Leipzig Superfactory October 12, 2023 Estonian supercapacitor specialist Skeleton Technologies has unveiled its Leipzig Superfactory – a collaborative effort between Estonia, Japan, and Germany.
Finnish EMS expands with new factory in Estonia September 22, 2023 EMS provider Dicro Oy has opened a new factory in Narva, the third largest city in Estonia.
Strong performance prompts GPV to once again raise its outlook for 2023 August 16, 2023 Danish-based EMS provider GPV, once again raises its outlook for 2023. In the second quarter of 2023, the company achieved record revenue of DKK 2.7 billion (EUR 362.3 million) and EBITDA of DKK 189 million (EUR 25.3 million).
Neo Magnequench starts construction of Europe's first rare earth magnet manufacturing facility July 10, 2023 Neo Magnequench, a division of Neo Performance Materials, has broken ground on a new plant in Narva, Estonia to mine for raw materials that produce sintered neodymium-iron-boron magnets. The magnets are in high demand from makers of electric vehicles, wind turbines, and other clean energy verticals.
Ericsson invests €155 million to build new European manufacturing and technology hub July 06, 2023 Swedish telecom company Ericsson says that it plans to build a next-generation smart manufacturing and technology hub in Tallinn, Estonia.
One million Ericsson 5G radio produced in Poland, exclusively for Telia June 15, 2023 Ericsson, with its manufacturing partner Flex in Poland, has produced one million 5G radios with the millionth radio unit to be installed at Telia.
Ouman adds new robotic assembly line at its Estonian factory May 11, 2023 Finnish electronics manufacturer Ouman has added a new production line at its factory in Kuressaare, Estonia. The robotic assembly line increases the factory's surface mount capacity by 50%.
GPV reports record high revenue in 1Q23 May 04, 2023 The Denmark-based EMS provider generated record-high revenue of DKK 2.7 billion (EUR 362.4 million) in Q1 2023. The combination with Enics, capacity expansions and increased sales to customers were the main drivers to the growth and extending the string of record quarterly performances.
Solid first quarter 2023 for Incap April 28, 2023 The EMS provider is off to a strong start both in terms of revenue and profitability. The company is reporting first quarter revenues of EUR 72.7 million, an increase of 36.2% compared to the same period last year.
Margus Jakobson to head Incap Estonia February 02, 2023 Margus Jakobson, interim Managing Director of Incap Estonia, has been appointed member of Incap Group’s Management Team as well as Director of Operations Estonia and Managing Director of Incap Estonia as of the first of February 2023.
Incap adds new production muscles to its Estonian factory January 18, 2023 EMS provider Incap has recently expanded its operations in Estonia with the addition of new production equipment.
GPV and Enics are now one October 03, 2022 The merger of Danish GPV and Swiss-headquartered Enics has officially been completed.
Incap signs agreement with Estonian manufacturer of e-bikes September 12, 2022 EMS provider Incap has signed an agreement with the Estonian manufacturer of electric bicycles, Ampler Bikes, for production services for a controller device developed by Ampler.
Incap's revenue and profitability growth continues July 28, 2022 The second quarter was the best one in Incap’s history, in terms of revenue and operating profit.