We celebrated our 40th birthday in August 2019 with all current and many old Aspocomp employees. Our history is very colorful – and it has contributed to our strengths in many ways. We have deep knowledge of many of our competitors and partners, understand the lifecycle needs of different industry segments, 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 have since phased out. Aspocomp lived through the boom when GSM standards conquered the world. We have seen the birth of PCB manufacturing in China and both the offshoring and subcontracting trends in the electronics business. An old saying claims: “What doesn’t kill you, makes you 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.
Forty-year-old Aspocomp taps into the right megatrends
- In March Aspocomp acquires the factory real estate in Oulu, Finland, which had been in the company’s own use.
- In January, Aspocomp announces that it will receive EUR 1.3 million in development support from the European Union Regional Development Fund for investments in high-tech and capability development.
- In December, Aspocomp announces 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 section.
- In November, the Group consolidates production and development in Finland at the Oulu plant and closes down the Teuva Plant.
- In May, Mikko Montonen becomes the new President and CEO.
- 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.
- In June, Aspocomp sells its 20% stake in the MAH -company, pays most of its debts and is freed from its 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.
- Aspocomp invests EUR 1.8 million to improve the Oulu plant’s technical capabilities.
- At the end of March, Aspocomp’s holding in PCB Center Co., Ltd. increases to 14.1%. The increase is a result of the conversion of a loan into equity based on the agreement signed on October 16, 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.
- 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% 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.
- 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.
- Aspocomp sells its Mechanics business in September.
- Aspocomp increases its holding in P.C.B. Center to 83%.
- All of Aspocomp Group’s production sites are certified according to QS 14001.
- Grand Opening Ceremony of the Aspocomp Group’s China factory with Finland’s Minister of Transportation and Communication as the guest of honor.
- In December Aspocomp becomes the first European printed circuit board (PCB) company to start HDI production in China.
- Aspocomp increases its holding in the 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.
- Share offering in May generates net proceeds of EUR 81 million.
- 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.
- Aspocomp Group Oyj is founded following its spin-off from the Aspo Group in October.
- Aspocomp expands its hybrid circuit operations by taking over similar operations from Nokia Corporation.
- The new Salo plant starts operation.
- Aspocomp purchases Metalex Oy’s business in Finland from the Finvest Group.
- The Oulu plant’s production moves to a new factory at Tutkijantie 11, Oulu.
- Aspo Oy acquires Pohjois-Piiri Oy.
- Founded as Pohjois-Piiri Oy.