From the mid-1960s, Olympia began manufacturing electronic
calculators in addition to mechanical adding machines; these calculators displayed digits using
Nixie tubes. By the end of the 1960s, however, these machines—fitted with hundreds of
transistors and
diodes—were already too heavy and too expensive for the average consumer, who were taking a preference to the
Japanese-built calculators that were hitting the market. To gain market share, Olympia-Werke formed a joint venture with
Matsushita (Panasonic) of Japan to manufacture Olympia calculators. Other components such as copiers were purchased from
Agfa, among others. The slow but steady demise of traditional office equipment in favor of smaller
minicomputers signaled the end of Olympia-Werke AG. AEG, which had been acquired by
Daimler, was unable to provide any decisive innovative impetus. Olympia-Werke's financial health continued to worsen in the mid-1980s. After a string of losses, AEG and
Daimler-Benz decided in December 1991 to withdraw from the office equipment industry and to close the location with its workforce of around 3,600 employees. Under the motto "Olympia—the heart of the region must live on", a nationwide strike by Olympia employees to keep their jobs ensued, lasting for several months. With campaigns in Wilhelmshaven,
Frankfurt, and
Stuttgart, the responsibility of the Daimler-Benz group was reminded and public pressure was built up to create alternative jobs in the Wilhelmshaven–Friesland region. Despite this, the Roffhausen factory was ultimately shuttered in 1992. As a positive result of the labor dispute, Technologie-Centrum Nordwest (TCN; Technology Center Northwest) was formed, which oversaw the
spin-off and continuation of divisions of Olympia as independent companies and the establishment of new companies on TCN. The concept received support from the
Lower Saxony government, union representatives, parent company Daimler-Benz, the district of Friesland, the city of
Schortens. In the beginning of 1993, TCN had 14 companies with around 750 employees. In 2012, the newly formed
Naval Support Command (
Marineunterstützungskommando) moved into TCN's former premises. Parts of AEG Olympia AG were turned into smaller, leaner companies. The first, Olympia Office Vertriebsgesellschaft mbH ( Olympia Office Sales Company) was established to lease and sell office machines (in practice, machines were mostly sold). Another, OSG Office Service GmbH offered brand-independent service contracts for all office machines on the market. Lastly, a holding company was established to lease factory real estate and production capital. It was not long before AEG Group sold off OSG Office Service GmbH and Olympia Office Vertriebsgesellschaft mbH. OSG Office Service GmbH found a new owner on 1 May 1993 in the form of Elcosa AG in
Schaffhausen. Olympia Office Vertriebsgesellschaft mbH—along with its global sales network, its production facility in Mexico City, and the Olympia trademark which it owned—was taken over by the
Hong Kong branch of
Elitegroup Computer Systems on 1 July 1994; it continued as Olympia International Holdings Ltd, based in
Road Town in the
British Virgin Islands. ==Legacy==