PKC Group Oyj
-The Company designs and manufactures electrical distribution systems, electronics and related architecture components mainly for commercial vehicles.
-Organized in two segments, Wiring Systems and Electronics. But the company divested 100% of PKC Electronics Oy shares to Enics, one of the Electronics Manufacturing Service (EMS) provider in Feb. 2017. Net asset value at closing, was approximately EUR 10 million.
|-Listed on the Helsinki Stock Exchange.||(As of Dec. 31, 2016)|
|Top 10 shareholders||% of shares and votes|
|1. Ilmarinen Mutual Pension Insurance Company||12.1|
|2. AS Harju Elekter||4.5|
|3. Varma Mutual Pension Insurance Company||2.4|
|4. OP-Delta Fund||2.3|
|5. Odin Finland||2.2|
|6. Nordea Nordic Small Cap Fund||1.7|
|7. The State Pension Fund||1.7|
|8. Nordea Pro Finland Fund||1.7|
|9. Fondita Nordic Micro Cap||1.6|
|10. Nordea Fennia Fund||1.4|
Electrical Distribution Systems : EDS
-Power distribution centers
-Routing and retention aids
-Smart Power Distribution Centers : sPDC
Wires & Cables
-PVC insulated wires
-Cross-link insulated wires
|1969||Pohjolan Kaapeli Oy's, owned by Oy Nokia Ab, founded the wiring harness unit.|
|1981||Pohjolan Kaapeli merged with Nokia Kaapeli Oy.|
|1989||Signed the first quality agreement in Finland with Saab-Valmet.|
|1990||Nokia Johdinsarjat Oy was founded.|
|1991||Started subcontracting work in Estonia.|
|1992||Started subcontracting work in Russia.|
|1994||One of Finland's largest MBO arrangements is implemented. PK Cables Oy was established and continues the business operations of Nokia Johdinsarjat Oy.
Withdraws from the car industry and concentrates on the truck industry and the telecommunications industry.
|Apr. 1997||Listed on the Helsinki Stock Exchange.|
|Sep. 1997||Cap Man Capital Management Oy and the Company's operating management sold some of their shares to investors.|
|1998||Opened Brazilian factory.
Acquired Oy Raahen TH Elektroniikka Ab (currently PKC Electronics Oy)
|1999||Began operations at PK Cables Netherlands B.V.|
|Jan. 2000||Changed name to PKC Group Oyj.|
|Aug. 2000||Acquired the majority (70%) of the share capital of Hakutechno Engineering Oy, a technology company specialized in plastic components for the electrics industry, The new name of the subsidiary acquired will be PKC Electroplast Oy.|
|Jun. 2001||Entered into an agreement with IWS, Finland on manufacturing and marketing cooperation in intelligent power and data supply systems for vehicles.|
|Nov. 2001||Sold its shares in the plastics technology company PKC Electroplast Oy.|
|2002||AS AJT Harju Elekter becomes a part of PKC Group.|
|2003||Carhatec Group becomes a part of PKC Group.|
|2004||Unit in USA started operations.
Electronics business was spun off into a subgroup.
|2005||Established a subsidiary in China.|
|Aug. 2006||Acquired the business of Electro Canada Limited, which is a private company with over 40 years' experience in the manufacture of wiring harnesses for vehicles and electro technical equipment.|
|2011||Acquired of all shares in Segu Systemelektrik GmbH (Germany), Segu Polska Sp. z o.o. (Poland) and TZOV HBM Kable Corp (Ukraine).|
|Oct. 2011||Acquired AEES companies (AEES) from funds controlled by Platinum Equity.|
|Sep. 2015||Established a joint venture with Jiangsu Huakai Wire Harness Co. Ltd. in China.|
|Mar. 2016||Signed a joint venture contract with Anhui Jianghuai Automobile Co., Ltd's (JAC) subsidiary Hefei Jianghuai Automobile Co., Ltd (Hefei JAC).|
|Nov. 2016||Sold part of its non-core light vehicle business in North America.|
|Jan. 2017||Motherson Sumi Systems Ltd. (MSSL) informed that its Board of Directors has approved the acquisition of the outstanding share capital and voting rights of PKC Group Plc (PKC), Finland. an aggregate equity purchase price of approximately EUR 571 million in an open tender offer|
|Feb. 2017||Divested 100% of PKC Electronics Oy shares to Enics, one of the Electronics Manufacturing Service (EMS) provider. Net asset value at closing, was approximately EUR 10 million.