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

10182

Submission date and time

14.03.2023 08:00:00

Content of announcement in Estonian

Title

Harju Elekter tütarettevõtjate ühinemine

Message

AS Harju Elekter avaldas 26.09.2022
(https://view.news.eu.nasdaq.com/view?id=b499041877dcf76df62753138e47b15ae&lang=
et) börsiteate, milles teavitas grupisisese restruktureerimise läbiviimisest,
mille käigus ühinevad kaks Harju Elekter kontserni Eesti tehast: tütarettevõtjad
AS Harju Elekter Elektrotehnika ja AS Harju Elekter Teletehnika. Kooskõlas
26.09.2022 börsiteates avaldatuga on AS Harju Elekter Elektrotehnika (ühendav
ühing) ja AS Harju Elekter Teletehnika (ühendatav ühing) ühinemisotsused vastu
võetud 01.12.2022 ning ühinemine kanti äriregistrisse 13.03.2023.

Vastavalt  30.09.2022 sõlmitud ühinemislepingule on AS Harju Elekter Teletehnika
õigusjärglaseks  AS Harju  Elekter Elektrotehnika  ning kogu  AS-i Harju Elekter
Teletehnika  vara anti ühinemise kandmisega  äriregistrisse tervikuna üle AS-ile
Harju  Elekter Elektrotehnika.  Ühinemisega seoses  AS Harju Elekter Teletehnika
kustutati 13.03.2023 äriregistrist.

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
müügitulu oli 175,3 miljonit eurot.

Tiit Atso
Juhatuse esimees
+372 674 7400

Koostas:
Marit Tack
Kommunikatsioonijuht
+372 5340 8444
E-mail: [email protected]

Content of announcement in English

Title

Merger of AS Harju Elekter subsidiaries

Message

AS    Harju    Elekter    published    a    stock   exchange   notice   on   26
(https://view.news.eu.nasdaq.com/view?id=b499041877dcf76df62753138e47b15ae&lang=
en)                                                                    September
(https://view.news.eu.nasdaq.com/view?id=b499041877dcf76df62753138e47b15ae&lang=
en)                                                                        2022
(https://view.news.eu.nasdaq.com/view?id=b499041877dcf76df62753138e47b15ae&lang=
en)  announcing the  intragroup restructuring  of two  AS Harju Elekter Estonian
factories-  subsidiaries  AS  Harju  Elekter  Teletehnika  and  AS Harju Elekter
Elektrotehnika.  In  accordance  with  the  information  published  in the stock
exchange  notice on 26 September 2022, the merger  decisions of AS Harju Elekter
Elektrotehnika  (the acquiring  company) and  AS Harju  Elekter Teletehnika (the
company  being acquired)  were adopted  on 1 December  2022 and an  entry of the
merger in the commercial register was made on 13 March 2023.

Pursuant  to  the  merger  agreement  concluded  on 30 September 2023, the legal
successor  of AS  Harju Elekter  Teletehnika is  AS Harju Elekter Elektrotehnika
and,  with the entry of the merger in the commercial register, all the assets of
AS  Harju  Elekter  Teletehnika  were  wholly  transferred  to  AS Harju Elekter
Elektrotehnika. Due to the merger, AS Harju Elekter Teletehnika was deleted from
the commercial register 13 March 2023.

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 revenue in 2022 was 175,3 million euros.

Tiit Atso
Chairman of the Management Board
+372 674 7400

Prepared by:
Marit Tack
Corporate Communications Manager
+372 5340 8444
E-mail: [email protected]