Kari Kairamo became CEO

In 1977, Kari Kairamo became CEO and he transformed the company's businesses. By this time, Finland was becoming what has been called "Nordic Japan". Under his leadership Nokia acquired many companies including television maker Salora , followed by Swedish electronics and computer maker Luxor AB, and French television maker Oceanic. This made Nokia the third-largest television manufacturer of Europe (behind Philips and Thomson).