Company / History

History

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 December, a reverse split of shares is carried out by combining 10 shares into one share
  • 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

  • In June, Sami Holopainen becomes the new CEO
  • 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
  • The real estate leased by Aspocomp in Salo is sold in February

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. Aspocomp repays its interest bearing liability of EUR 40 million to Standard Chartered Bank and earmarks the rest of the consideration for partially repaying its interest-bearing liabilities in Finland and improving its liquidity.
  • In November, the Group reaches an agreement on debt restructuring with its Finnish bank creditors
  • In November, Isto Hantila becomes the Group's new CEO
  • In July, the Group closes down the heavily 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
  • Aspocomp raises approximately EUR 25 million, minus fees and expenses, in a rights offering that ended in April
  • On March 16, Aspocomp acquires a 49% minority share in its Chinese joint venture.

2006

  • The Modules division is divested on August 9
  • The Group decides to build an HDI printed circuit board plant in Chennai, India. The Board confirms the decision on May 5.
  • 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
  • Asperation, a joint research company of Aspocomp and Perlos, is dissolved and development projects are divided between the companies
  • Aspocomp increases its holding in P.C.B. Center to 83 percent

2004

  • Maija-Liisa Friman starts as President and CEO of Aspocomp

2003

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

2002

  • Aspocomp strengthens its research and development by founding two joint ventures, Asperation Oy and Imbera Electronics Oy
  • 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 split of 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