Ericsson Nikola Tesla d.d. is the

Croatia Croatia, officially the Republic of Croatia, is a country in Central Europe, Central and Southeast Europe, on the coast of the Adriatic Sea. It borders Slovenia to the northwest, Hungary to the northeast, Serbia to the east, Bosnia and Herze ...

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

of the Swedish

telecommunication Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

s equipment manufacturer

Ericsson (), commonly known as Ericsson (), is a Swedish multinational networking and telecommunications company headquartered in Stockholm, Sweden. Ericsson has been a major contributor to the development of the telecommunications industry and is one ...

. The company, named after the inventor

Nikola Tesla Nikola Tesla (;"Tesla"
. ''Random House Webster's Unabridged Dictionary''. ; 10 July 1856 – 7 ...

was founded in 1949 as a

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

. In 1953 it became a licensee for Ericsson, manufacturing and selling their phones in the local market and then a subsidiary upon its

privatization Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...

in 1994. It is the largest provider of telecommunications products, solutions and services in the

telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

healthcare Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...

intelligent transportation systems An intelligent transportation system (ITS) is an advanced application that aims to provide services relating to different modes of transport and traffic management and enable users to be better informed and make safer, more coordinated, and 's ...

and

enterprise Enterprise (or the archaic spelling Enterprize) may refer to: Business and economics Brands and enterprises * Enterprise GP Holdings, an energy holding company * Enterprise plc, a UK civil engineering and maintenance company * Enterpris ...

fields in central and eastern Europe.

History

Ericsson Nikola Tesla traces its roots back to the state-owned Nikola Tesla Corporation founded in 1949 in

Zagreb Zagreb ( ) is the capital (political), capital and List of cities and towns in Croatia#List of cities and towns, largest city of Croatia. It is in the Northern Croatia, north of the country, along the Sava river, at the southern slopes of the ...

, then

SFR Yugoslavia The Socialist Federal Republic of Yugoslavia (commonly abbreviated as SFRY or SFR Yugoslavia), known from 1945 to 1963 as the Federal People's Republic of Yugoslavia, commonly referred to as Socialist Yugoslavia or simply Yugoslavia, was a country ...

. It was very successful in the local telecommunications market, and the regional markets, especially of

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

, for over forty years. It became a licence partner of

of Sweden in 1953, selling large volumes of Ericsson systems into the

USSR The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...

and other markets from 1958. In 1977, the company began making Ericsson

AXE An axe (; sometimes spelled ax in American English; American and British English spelling differences#Miscellaneous spelling differences, see spelling differences) is an implement that has been used for thousands of years to shape, split, a ...

switches under licence. With the collapse of Yugoslavia and the independence of Croatia, the state began looking to privatize the corporation in the year 1992. By 1994,

emerged as the highest bidder and purchased a 49 percent share of the corporation —estimated at $40 million, and integrating operations to a significant extent by 1995. In 2011, the company was Croatia's eighth largest exporter.

Operations

The company is based in Zagreb, with some R&D activities in Split. Staff number in excess of 2900. Gordana Kovačević serves as president of Ericsson Nikola Tesla and head of its Management Board, while its Supervisory Board is normally headed by the head of the Ericsson Market Unit which includes Croatia. Significant customers exist in Croatia and

Bosnia and Herzegovina Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...

, as well as other states of the former USSR and SFR Yugoslavia, and parts of Africa and the Middle East, and the company markets to Croatia, foreign markets and the Ericsson Group. Sixty percent of sales are exports.

Finances

Ericsson sales for 2007 totalled 1.78 billion US$, having risen year-on-year for many years. Steadily rising costs of sales have eroded profit, with net income being just under 200 million US$ for 2007. Market capitalization exceeds US$300 million.

References

External links

Ericsson Nikola Tesla
- Official site {{Authority control Telecommunications companies of Croatia Companies listed on the Zagreb Stock Exchange Telecommunications companies established in 1949 1949 establishments in Yugoslavia Companies based in Zagreb