The story
Enics was formed in 2004 as a result of a management buyout of Elcoteq's Industrial Electronics Division. During that same year the company started a new production plant in Elva, located in Southern Estonia, where Enics was the largest employer.
In 2005, Enics acquired Altronix, a part of ABB Västerås’ operations, 2 Flextronics plants in Sweden, Enermet's Jyskä's operations in Finland, and assets from Elcoteq in China. In 2006, Enics’ Beijing facility was officially inaugurated, the 3rd extension in Enics Estonia was completed, and the takeover of activities from ABB Switzerland was finished. Enics acquired assets in Nová Dubnica, Slovakia in 2007. In February 2008, the company established the Enics Hong Kong Sourcing Office and one year later, in February 2009, it acquired the Industrial Electronics Service Unit from Sweco, Finland. In November 2011, Enics signed an agreement for a new facility in Suzhou, China, which began operations in May 2012. In June 2020, Enics announced and began construction of a new manufacturing site in Johor Bahru, Malaysia, that started production in early 2021.
On June 22, 2022, Enics announced they would be merging with another equally sized European electronics manufacturing services provider, GPV. The new combined company would be one of Europe's largest EMS companies with 7,500 employees and a revenue of more than 941 million euros. The merger was subject to regulatory review.
From Wikipedia’s article on Enics, shared under CC BY-SA 4.0.4