25/05/2026
Geared for Growth – Scanfil 2023-2026
Since 2023, Scanfil has been led by its first non-Finnish CEO Christophe Sut. His sales-driven mindset and knowledge of Nordic companies and the electronics industry made him a good fit for Scanfil.
Christophe has been steering the organization in a new direction. He has decentralized decision making by shifting more responsibility to the sites and made changes in the management team to support the new Geared for Growth strategy. The strategy emphasizes balancing organic and inorganic growth in Asia-Pacific, Americas, Central Europe, and Northern Europe.
Scanfil has followed its strategy – we have acquired three companies and returned to organic growth. In October 2024, Scanfil acquired SRXGlobal Pty Ltd which had two electronics manufacturing plants in Johor Bahru, Malaysia, and Melbourne, Australia. Many of Scanfil’s customers were pleased, as they had already been hoping of for expansion in the Asian manufacturing base.
Less than a year later, Scanfil announced new acquisitions. We agreed to buy 80 percent of the U.S. electronics contract manufacturer ADCO Circuits and 100 percent of the Italian electronics company MB Elettronica. Both companies were family-owned and had a strong foothold in the Aerospace & Defense industry.
The acquisitions strengthen Scanfil’s leadership’s confidence in the future. CEO Christophe Sut trusts that Scanfil continues to succeed through growth and the contributions of both long-standing employees and people from different backgrounds. Chairman of the Board Harri Takanen, the son of founder of the company Jorma J. Takanen, believes that one-billion-euro mark in revenue could be broken in 2026, company’s 50th anniversary year.
The future of Scanfil surely looks interesting. We invite you to follow our exciting journey on this channel or by subscribing our releases: https://www.scanfil.com/company?utm_source=Some&utm_medium=FB&utm_campaign=History+5&utm_id=Geared+For+Growth -for-growth