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.
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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.
GPV and Enics merges – creating a new European EMS giant
June 22, 2022
Danish EMS provider GPV is merging with Swiss-headquartered EMS provider Enics. The transaction values the combined business at more than DKK 4 billion (EUR 537.7 million).
Incap invests in new production lines for Estonian operations
June 01, 2022
Incap Estonia is upgrading its two current SMT production lines and adding a third SMT line to its factory in Kuressaare.
One million Ericsson 5G products made in Poland
April 26, 2022
Ericsson has produced one million 5G radio products at the Flex Tczew factory in Poland. These products are at the heart of the fifth-generation networks being built in Poland and other European countries.
Scanfil improves prototyping capabilities at Malmö factory
March 07, 2022
In April, just a month away, Malmö will become the fourth Scanfil factory to adopt Seica's V8 automated testing system.
Evertiq’s industry pulse report – éolane Group
December 13, 2021
Henri Juin, Chairman of the éolane Group, says that the rebound is near and the signs of recovery are already visible in the order book. Now it’s just a matter of organising everything so that the order increases can be met in the coming years.
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