Enics Expands Capacity in Eastern Europe
Published: 29 August 2007
by Mike Buetow
BADEN, SWITZERLAND – EMS firm Enics will purchase certain assets of ZTS Elektronika, the companies said Tuesday.
The deal covers ZTS's electronics manufacturing assets in Nova Dubnica, Slovakia, and is scheduled to be completed within the coming weeks pending necessary approvals. No financial terms were announced.
"Due to our rapid growth and increasing customer demand, we have been looking for a suitable place to expand our Eastern European presence. Slovak Republic is an ideal solution to us, because it is centrally located, close to the large markets of Central Europe, and provides excellent connections also to Western and Southern Europe," said Enics president and CEO Reijo Itkonen.
"This acquisition gives Enics a headstart for its second Eastern Europe production facility. We get quick access to suitable facilities and can tab into a large pool of competent workforce residents in this area. We estimate our operation to be fully up to speed already during the next quarter," said Kari Leivo, director quality, Enics.
Enics has sales of 279 million euros and employs 2,500 people in China, Estonia, Finland, Sweden and Switzerland.
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