Market announcement
AS Harju Elekter Group
LEI code
5299009GM96I0NYKWS93
Size of the entity
Large group
Economic activities
Real Estate Activities
Industry sector(s)
Credit rating agency
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
10010
Submission date and time
16.12.2022 11:07:10
Content of announcement in Estonian
Title
Harju Elekter ostis kinnisvarafirma ja reorganiseerib Rootsi tootmise
Message
AS Harju Elekter avaldas 5.10.2021 börsiteate (https://view.news.eu.nasdaq.com/view?id=bf39452e1ca0da71d1cb0641cb9a1f0b1&lang= et), milles teatas, et Rootsi tütarettevõte Harju Elekter AB sõlmis lepingu Wästbygg Gruppi kuuluva LC Development Fastigheter 101 AB tütarettevõtte aktsiate omandamiseks. Harju Elekter otsustas Harju Elekter AB asemel soetada kinnisvarafirma Harju Elekter Services AB alla ning 15. detsembril 2022 viis Harju Elekter Services AB tehingu lõpuni LC Development Fastigheter 17 AB aktsiate 100%-liseks omandamiseks. Ostetud kinnisvaraettevõte, LC Development Fastigheter 17 AB, on loodud spetsiaalselt Västeråsi tehase ehituseks, mille valmimisel arvestati Harju Elektri vajadusi. Tulevikus plaanitakse ostetud ettevõte ühendada Harju Elekter Services AB-ga, mis tuleneb kontserni põhimõttest hoida tootmistegevus ja kinnisvarahaldus eraldi ettevõtetes. Ettevõtte nõukogusse määrati Aron Kuhi- Thalfeldt (esimees), liikmeteks Tiit Atso, Priit Treial, Tiit Luman ja Erko Lepa ning tegevjuhiks Mikael Schwartz Jonsson (Harju Elekter AB tegevjuht). Tehingu hinnaks kujunes 10,5 miljonit eurot (115 miljonit Rootsi krooni). 13.09.2021 börsiteates (https://view.news.eu.nasdaq.com/view?id=bd3aabfc5fa4de00eb580dfaa3d058b6c&lang= et) teatas AS Harju Elekter, et Malmösse 2022. aasta lõpuks valmiva tootmishoone üürimiseks sõlmiti kinnisvarafirmaga Nyfosa AB rendileping. Kuna Nyfosa AB-l ei õnnestunud hoone ehitamiseks saada ehitusluba ja Malmösse ei leitud sobivat rendipinda, otsustas AS Harju Elekter viia 2023. aasta esimese poolaasta jooksul Malmö tootmine kuluefektiivsuse eesmärgil kontserni vastvalmivasse tehasesse Västeråsis ja olemasolevasse tootmisüksusesse Keilas. Harju Elekter on rahvusvaheline tööstuskontsern, millel on laialdane kogemus kestlike elektrijaotuslahenduste pakkumisel. Harju Elekter Grupp projekteerib, toodab ja paigaldab elektriseadmeid energeetika-, tööstus- ja taristuettevõtetele ning avalikele ja ärihoonetele. Grupi Eesti, Soome, Rootsi ja Leedu üksustes töötab ligikaudu 900 töötajat ning kontserni 2022. aasta 9 kuu müügitulu oli 125,3 miljonit eurot. Tiit Atso Juhatuse esimees +372 674 7400
Content of announcement in English
Title
Harju Elekter acquired a real estate company and is reorganising production in Sweden
Message
On 5 October 2021, AS Harju Elekter published a stock exchange release (https://view.news.eu.nasdaq.com/view?id=bf39452e1ca0da71d1cb0641cb9a1f0b1&lang= en) in which it announced that Harju Elekter AB, a subsidiary of AS Harju Elekter, concluded an agreement with LC Development Fastigheter 101 AB, a subsidiary of Wästbygg Gruppen AB, in order to acquire 100% of the shares of LC Development Fastigheter 17 AB. Harju Elekter decided to acquire the real estate company under Harju Elekter Services AB instead of Harju Elekter AB, and on December 15, 2022, Harju Elekter Services AB completed the transaction to acquire 100% of the shares of LC Development Fastigheter 17 AB. The purchased real estate company LC Development Fastigheter 17 AB was created specifically for the construction of the Västerås factory, where the production needs of Harju Elekter were taken into account in the construction process. In the future, it is planned to merge the purchased company with Harju Elekter Services AB, which results from the Group's principle of keeping production activities and real estate management in separate companies. Aron Kuhi-Thalfeldt (chairman), Tiit Atso, Priit Treial, Tiit Luman and Erko Lepa were appointed to the purchased company's Board and Mikael Schwartz Jonsson (Managing Director of Harju Elekter AB) was appointed as Managing Director. The price of the transaction was 10.5 million euros (SEK 115 million). The stock exchange release (https://view.news.eu.nasdaq.com/view?id=bd3aabfc5fa4de00eb580dfaa3d058b6c&lang= en) of AS Harju Elekter, published on 13 September 2021, announced that for leasing the building in Malmö, which will be completed by the end of 2022, a lease agreement was entered into with Nyfosa AB. As Nyfosa AB was unable to obtain a building permit for the construction of the building and no suitable rental premises could be found in Malmö, AS Harju Elekter decided to move production from Malmö to the Group's newly built factory in Västerås and to the existing production unit in Keila in the first half of 2023 for the purpose of cost efficiency. Harju Elekter is an international industrial group with extensive experience in providing future proof solutions for electrical power distribution. We engineer, manufacture, and install electrification solutions for utilities, industries, infrastructure, public and commercial buildings. The entities of Harju Elekter Group in Estonia, Finland, Sweden, and Lithuania employ around 900 people, and the Group's nine-month revenue in 2022 was 125.3 million euros. Tiit Atso Chairman of the Management Board +372 674 7400