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 price sensitive information
Unique data record identifier
4497
Submission date and time
10.06.2014 13:00:00
Content of announcement in Estonian
Title
Finnkumu Oy ost sai nõukogult heakskiidu
Message
ASi Harju Elekter nõukogu otsustas oma 10.juuni 2014 istungil kiita heaks Soome suurima komplektalajaamade valmistaja Finnkumu Oy 100% aktsiate ostmine Kontserni Soome tütarettevõtte Satmatic Oy poolt. Lepingu sõlmimine toimub 17.juunil, pärast mida saab Finnkumu Oy’st Satmatic Oy 100%line tütarettevõte. Finnkumu Oy ostuga suurendab Kontsern oma turuosa Soomes ja ka mujal Skandinaavias ning laiendab oluliselt tootesortimenti. Tehingut finantseerib AS Harju Elekter ning tehingu hinda vastavalt lepingule ei avalikustata. Finnkumu Oy on Soome juhtiv ettevõte, mis projekteerib, toodab ja müüb seadmeid elektrienergia jaotuseks, peamiselt komplektalajaamasid ja kaablijaotuskappe. Firma 2013. aasta müügitulu oli 10,4 (2012: 6,6) miljonit eurot ja puhaskasum 1,25 (2012: 0,66) miljonit eurot. Satmatic Oy on juhtiv tööstusautomaatika seadmete tootja ning Kontserni toodete maaletooja ja edasimüüja Soomes. Firma peakontor ja tehased paiknevad Ulvilas ja Keraval. Ettevõtte 2013. a müügitulu oli 19,7 (2012: 21,3) miljonit eurot ning ettevõttes töötab 76 inimest. Harju Elekter on juhtiv kesk- ja madalpinge elektri- ja automaatikaseadmete tootja Baltimaades ning tuntud ja tunnustatud ettevõte Skandinaavia riikides. Harju Elekter Gruppi kuuluvad elektriseadmete valmistajatehased Eestis, Soomes ja Leedus: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) ja Rifas UAB (63%) ning telekommunikatsioonitoodete valmistaja AS Harju Elekter Teletehnika (100%). Lisaks on ASil Harju Elekter osalus sidusettevõttes AS Draka Keila Cables (34%) ning finantsinvesteeringud Läti elektriseadmete müügifirmas SIA Energokomplekss (14%) ja Soome börsiettevõttes PKC Group Oyj (5%). NASDAQ OMX Tallinna börsi reglemendi tähenduses ei ole antud tehingu puhul tegemist tehinguga seotud isikute vahel. Andres Allikmäe Juhataja 674 7400 Lisainformatsioon: AS Harju Elekter juhataja Andres Allikmäe, nõukogu esimees Endel Palla (674 7400). Koostas: Moonika Vetevool Kommunikatsiooni- ja investorsuhete juht 671 2761
Content of announcement in English
Title
Purchase of Finnkumu Oy approved by Supervisory Board
Message
At their meeting on 10 June 2014, the supervisory board of AS Harju Elekter decided to approve the purchase of 100% of the shares in Finnkumu Oy, Finland’s largest producer of pre-fabricated substations, by Satmatic Oy, the Group’s subsidiary in Finland. The contract is due to be concluded on 17 June, whereupon Finnkumu Oy will become a wholly-owned subsidiary of Satmatic Oy. With the purchase of Finnkumu Oy, the Group will increase its market share in Finland and also elsewhere in Scandinavia and significantly expand its product range. The transaction is being financed by AS Harju Elekter; under the terms of the contract, its value will not be disclosed. Finnkumu Oy is a leading Finnish enterprise involved in the planning, production and sale of electricity distribution devices, mainly pre-fabricated substations and distribution cabinets. In 2013, the company’s turnover amounted to EUR 10.4 (2012: 6.6) million and net profit EUR 1.25 (2012: 0.66) million euros. Satmatic Oy is the leading producer of automated industrial equipment and the importer and distributor of the Group’s products in Finland. The company’s headquarters and plants are located in Ulvila and Kerava. In 2013, the enterprise’s turnover amounted to EUR 19.7 (2012: 21.3) million, and there are 76 employees working in the enterprise. Harju Elekter is the leading MV/LV electrical and engineering devices producer in the Baltic States as well as well-known and respected in Scandinavia. Harju Elekter Group includes manufacturers of electrical equipment in Estonia, Finland and Lithuania: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) and Rifas UAB (63%), as well as the telecommunications products manufacturer AS Harju Elekter Teletehnika (100%) in Estonia. In addition, AS Harju Elekter has a holding in the affiliated company AS Draka Keila Cables (34%) and financial investments in the Latvian electrical equipment sales company SIA Energokomplekss (14%) and in the Finnish publicly listed company PKC Group Oyj (5%). The transaction does not constitute a transaction between related parties within the meaning of NASDAQ OMX Tallinn’s Rules and Regulations. Andres Allikmäe Managing Director/CEO +372 674 7400 Additional information: Andres Allikmäe, Managing Director of AS Harju Elekter; Endel Palla, Chairman of the Supervisory Board (+372 674 7400). Prepared by: Moonika Vetevool Corporate communication and investor relations manager +372 671 2761