History

We celebrated our 40th birthday in August 2019 with all current and many old Aspocomp employees. The history is very colourful and it has contributed to our strengths in many ways. We know a lot of our competitors and partners thoroughly, we understand the lifecycle needs of different industry segment, we know what we can do and have learned to say “no thanks” to projects where we are not a good fit to the customers’ needs.

Throughout the years we have had many production facilities and product types that we do not have anymore. Aspocomp lived through the boom that followed GSM standards world conquest. We have seen the birth of PCB manufacturing in China, the off-shoring and subcontracting trends in the electronics business. There is a saying that “what doesn’t kill you, makes your stronger”. That applies to us. Today we are a healthy and strong, mid-sized PCB company that works with leading companies in our selected customer segments.

2019

Forty-year-old Aspocomp taps into the right megatrends

2018

  • In March Aspocomp acquired the factory real estate in Oulu, Finland, which had been in the company’s own use
  • In January, Aspocomp announced that it would receive a EUR 1.3 million development support from the European Union Regional Development Fund for investments in high-tech and capability development

2017

  • In December, Aspocomp announced the launch of a EUR 10 million investment plan for its Oulu plant to strengthen its position as a technology and R&D partner. Read about the investments we have made in our news (linkki news-osioon) section

2014

  • In November, the Group consolidated production and development in Finland to Oulu plant and closed down the Teuva Plant
  • In May Mikko Montonen becomes the new President and CEO

2012

  • In September, Aspocomp Group Plc purchases its subsidiary Aspocomp Oulu Oy’s entire business
  • Aspocomp completes the purchase of the business operations of Cibo-Print Oy’s factory in Teuva on January 2

2011

  • In June, Aspocomp sells its 20% stake in the MAH -company, pays most of its debts and is freed from the debt restructuring agreement
  • Aspocomp acquires the minority interest in Aspocomp Oulu Oy after which the company becomes a wholly-owned subsidiary of Aspocomp and TTM Technologies Inc. becomes the largest shareholder in Aspocomp on June 8

2010

  • Aspocomp invests EUR 1.8 million to improve Oulu plant’s technical capability

2009

  • At the end of March, Aspocomp’s ownership of PCB Center Co., Ltd. increases to 14.1 percent. The increase is a result of conversion of a loan into equity based on the agreement signed on October 16, 2008.

2008

  • The real estate in Oulu is sold in December
  • Aspocomp decreases its ownership in its Thai subsidiary to approximately six percent and Bangkok Bank releases the corporate guarantee on October 16

2007

  • In December, a business restructuring agreement between Aspocomp Group Oyj and Hong Kong based Meadville Holdings Limited is concluded. Aspocomp transfers its shareholdings in its subsidiaries in China and India as well as certain equipment from the Salo plant to its holding company. In addition, Aspocomp sells a shareholding of 80 percent in the holding company to Meadville for about EUR 61 million.
  • In July, the Group closes down the unprofitable plant in Salo, Finland
  • The Group announces it is in negotiations with potential strategic partners in order to secure its planned investment program and growth in Asia
  • On March 16, Aspocomp acquires a 49% minority share in its Chinese joint venture.

2006

  • The Group decides to build an HDI printed circuit board plant in Chennai, India.
  • The name of the Thai subsidiary is changed from P.C.B. Center to Aspocomp (Thailand) Co., Ltd.

2005

  • Aspocomp sells its Mechanics business in September
  • Aspocomp increases its holding in P.C.B. Center to 83 percent

2003

  • All of Aspocomp Group’s production sites are certified according to the QS 14001

2002

  • Grand Opening Ceremony of the Aspocomp Group’s China factory with Finland’s minister of transportation and communication as the guest of honor

2001

  • In December Aspocomp becomes the first European printed circuit board (PCB) company to start HDI production in China
  • Aspocomp increases its holding in Thai PCB company P.C.B Center from 12.5% to 51% in March
  • ACP Electronics, a joint venture in China, is established together with Chin-Poon Industrial Co., Ltd, a listed Taiwanese PCB company, in January. Aspocomp has a 51% holding

2000

  • Share offering in May generates EUR 81 million net
  • Aspocomp purchases a 12.5% share in P.C.B. Center, the second biggest PCB company in Thailand in February
  • All production sites are QS 9000 and 14000 certified

1999

  • Aspocomp Group Oyj is founded following the spin off from the Aspo Group in October

1997

  • Aspocomp expands its hybrid circuit operations by taking over similar operations from Nokia Corporation

1995

  • The new Salo plant starts operation

1993

  • Aspocomp purchases Metalex Oy’s business in Finland from the Finvest Group

1992

  • The Oulu plant’s production moves to a new factory at Tutkijantie 11, Oulu

1986

  • Aspo Oy acquires Pohjois-Piiri Oy

1979

  • founded as Pohjois-Piiri Oy