OREANDA-NEWS. March 16, 2012. Elcoteq Tallinn, the electronic components manufacturer aquired last month by the French company Eolane, will expand its production range to include medical equipment, its new owners have said.

Eolane chief executive Marc Pasquier said that the change would mean expanding staff numbers, which currently stand at 235, Aripaev reported.

In 2009, Elcoteq Eesti managed one of the most talked-about business deals in Estonia, selling 80 percent of its production capacity to Swedish-based Ericsson. Its future was thrown into doubt last October, however, when its parent company, Elcoteq SE filed for bankruptcy in its country of domicile, Luxembourg.