Lithuanian electronics manufacturing contractor UAB Selteka (“Selteka”) has been acquired by Swedish contract manufacturing group Inission AB to further strengthen market position in Northern Europe.
Kaunas-based Selteka joined the Stockholm-listed electronics group on 1 July 2025, with Inission acquiring 100% of shares.
Selteka is a trusted provider of electronics manufacturing services (EMS), offering comprehensive solutions from design to full-scale production. With a focus on productivity reliability and quality, Selteka partners with clients helping their products to be competitive in a dynamically evolving market and being timely supplied to their customers.
Selteka's Heritage and Capabilities
Selteka employs 280 staff and reported €16 million turnover in 2024. Founded in 1956 as the Kaunas Radio Factory, the company became Selteka in 1997, scaling production and design services to serve customers from industrial electronics to telecoms and energy in the Baltics and across Europe.
Strategic Rationale for the Acquisition
The acquisition of Selteka is part of Inission's long-term growth plan and strengthens its presence in Northern Europe. Each acquisition adds new expertise and strengthens the joint offering. Selteka's local presence, modern production and experienced staff complement Inission's existing structure. The company also has a loyal customer base in areas with continued high demand. As part of Inission, Selteka gains access to a larger network, more resources and the opportunity to grow further under a common brand, with local presence.
Inission CEO Fredrik Berghel explained: “With Selteka, we gain a strong foothold in the Baltics and open doors to new markets. It is an important piece of the puzzle in our international expansion and a step toward becoming an even more complete EMS partner.
“Selteka has a long history, strong expertise, and a solid reputation in the industry. Their experience and resources enhance our joint offering and create new opportunities for growth and development, both locally and across the entire Inission Group.”
Selteka CEO Arūnas Vizgaitis added: “Our industry is in a period of rapid change, and the ensuing investment, innovation, workforce and skills demands are challenging to keep pace with. In such a situation smaller EMS companies need to find a strong niche or strong partners to stay competitive.
“As part of the Inission family, I’m delighted to have found a partner to help us benefit from economies of scale and business resilience to meet the rapidly evolving needs of our customers.
“I am staying in the company as CEO, and I’m looking forward to announcing to our customers and employees on opened our additional capabilities as we work more closely across the Inission group.”
Selteka was introduced to Inission by pan-European M&A advisor CapEQ, which advised the Selteka shareholders on finding the right strategic partner and the transaction, supported by Glimstedt (legal advisor).
CapEQ Baltics director Audrius Sankalas said: “Although there was strong market interest from EMS acquirers, it became clear early on that Selteka and Inission shared had lots in common, which made for smooth negotiations and a strong business combination. We are confident this new chapter will be successful for all stakeholders.”
About Inission AB
Inission AB consists of two business areas under the brands Inission and Enedo.
Inission (EMS) is a contract manufacturer of industrial electronics and mechanics with services that cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. Enedo (OEM) develops, manufactures and sells its own customized products and systems in power electronics.
Together, they strengthen our position in advanced electronics production and create new opportunities to deliver value to our customers. In 2024, total sales amounted to SEK 2.2 billion with an average of 1,081 employees. Inission AB is listed on Nasdaq Stockholm Main Market and has operations in Sweden, Norway, Finland, Estonia, Italy, the USA and Tunisia.
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About Selteka
UAB Selteka is a leading Lithuanian electronics manufacturing services (EMS) provider and a centre of production engineering excellence, based in Kaunas. With over 60 years of experience, tracing its roots back to the Kaunas Radio Factory founded in 1956, Selteka offers comprehensive solutions from design and prototyping to full-scale production. The company specializes in both a wide range of EMS services and original device manufacturing (ODM), serving diverse sectors including industrial electronics, telecoms, energy, automotive, medical technology, and smart building IoT. Selteka is known for its focus on reliability, quality, and personalized solutions, partnering with clients across the Baltics and Europe helping their products to be competitive in a dynamically evolving market and being timely supplied to their customers.
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