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

9050

Submission date and time

13.09.2021 13:18:06

Content of announcement in Estonian

Title

Harju Elekter restruktureerib Rootsis tegevust ja rajab uued tehased

Message

Harju Elekter on otsustanud äritegevuse laienemise eesmärgil Rootsi
tütarettevõtte erinevad üksused koondada Västeråsesse ja Malmösse ning nendesse
asukohtadesse sisse seada uued tehased. Otsusest tulenevalt sõlmis Harju Elekter
AB täna, 13. septembril kavatsuste protokolli kontori- ja tootmishoone
rajamiseks Västeråsesse ning rendilepingu uuele ehitatavale tootmishoonele
Malmös.

Malmösse  2022. aasta lõpuks  valmiva 3000 m(2)  tootmishoone üürimiseks sõlmiti
Nyfosa  AB-ga  10-aastane  rendileping.  Västeråse  6000 m(2)  hoone ehitamiseks
allkirjastati  kavatsuste protokoll Wästbygg Gruppen AB 100%-lise tütarettevõtte
LC  Development  Fastigheter  17 AB  ostuks,  mis  hakkab  haldama  kinnistu  ja
ehitusega   seonduvat.   Kavatsuste  protokolli  kehtivuse  tingimuseks  on,  et
Västeråse  linna kinnisvara nõukogu nõustub  LC Development Fastigheter 17 AB-le
müüma  tehase ehituseks konkreetse maatüki. Ettevõtte aktsiate omandamise tehing
plaanitakse  lõpule viia hiljemalt 1.11.2022. Mõlemad tootmishooned ehitab Harju
Elektri jaoks Wästbygg Gruppen AB.

Harju   Elekter  AB  tegevuse  koondamine  Malmösse  ja  Västeråsesse  võimaldab
tõhusamat  tootmist,  madalamaid  logistika  kulusid  ning paremat tarnekindlust
klientidele, mis on Rootsis kasumliku kasvu eelduseks.

Nyfosa   AB  on  tehingupõhine  kinnisvarafirma,  mis  loob  väärtust  säästvate
rahavoogude kasvatamise ja uute ärivõimaluste hindamise kaudu. Nyfosa aktsiad on
noteeritud Nasdaq Stockholm börsil alates 2018. aastast.

Wästbygg  Gruppp on  ehitus- ja  projektiarenduse ettevõte,  mis tegutseb Rootsi
kõige   kiiremini  arenevatel  turgudel.  Ettevõte,  mis  on  noteeritud  Nasdaq
Stockholm   börsil,  ehitab  ja  arendab  elu-,  ärihooneid  ja  üldkasutatavaid
kinnistuid,    samuti    logistika-   ja   tööstusrajatisi,   tugeva   fookusega
jätkusuutlikkusele.  2020. aastal teenis ettevõte ligikaudu 3,8 miljardit Rootsi
krooni ja pakkus tööd 310 inimesele.

Harju  Elekter on enam kui 50-aastase kogemusega rahvusvaheline tööstuskontsern,
mille  põhitegevusalaks  on  elektri-  ja  automaatikaseadmete väljatöötamine ja
tootmine.  Üha märkimisväärsem  osa Harju  Elektri tehnilistest  lahendustest on
suunatud    taastuvenergia    sektorisse,   pakkudes   päikeseenergia   jaamade,
elektriautode  laadimisseadmete ja muude seotud lahenduste tervikpakette. Eesti,
Soome, Rootsi ja Leedu tehastes töötab ligikaudu 800 spetsialisti ning kontserni
2021. a esimese poolaasta müügitulu oli 67 miljonit eurot. Harju Elektri aktsiad
on noteeritud Nasdaq Tallinna Börsil.

Tiit Atso
Juhatuse esimees
+372 674 7400

Koostas:
Marit Tack
Kommunikatsiooni- ja investorsuhete juht
+372 5340 8444
E-mail: [email protected]

Content of announcement in English

Title

Harju Elekter to restructure its operations and establish new plants in Sweden

Message

Harju  Elekter  has  decided  to  centralise  production in Sweden by moving the
various  units  of  the  Swedish  subsidiary  to  Västerås and Malmö, as well as
establish  new  plants  in  these  locations  in  order  to  expand its business
activities.  As a result  of the decision,  Harju Elekter AB  signed a letter of
intent and a lease agreement today, on 13 September, for the establishment of an
office  and production building in Västerås and for a new production building to
be constructed in Malmö, respectively.

In  order to lease the 3,000 m(2) building in  Malmö, which will be completed by
the end of 2022, a ten-year lease agreement was entered into with Nyfosa AB. For
the  purpose of  establishing the  6,000 m(2) building  in Västerås, a letter of
intent  was signed  to purchase  LC Development  Fastigheter 17 AB,  currently a
wholly owned subsidiary of Wästbygg Gruppen AB. LC Development Fastigheter 17 AB
will  be  charged  with  the  management  of  issues  related  to  property  and
construction.  The letter of intent is valid  only if the Real Estate Council of
the  City of Västerås agrees  to sell a specific  plot of land to LC Development
Fastigheter  17 AB for  the establishment  of the  plant. The acquisition of the
company's  shares is planned to be completed no later than 1 November 2022. Both
production  buildings  will  be  established  by  Wästbygg  Gruppen AB for Harju
Elekter.

The  concentration of Harju  Elekter AB's operations  in Malmö and Västerås will
ensure  more efficient production, lower logistics costs, and better security of
supply for customers, serving as a prerequisite for profitable growth in Sweden.

Nyfosa  AB  is  a  transaction-based  property  company  that  creates  value by
accumulating  sustainable cash  flows and  continuously evaluating  new business
opportunities. Nyfosa's shares have been listed on Nasdaq Stockholm since 2018.

The  Wästbygg  Group  is  a  construction  and  project development company with
operations  in the most rapidly expanding  markets in Sweden. The company, which
is  listed  on  Nasdaq  Stockholm,  builds  and develops residential, commercial
buildings  and community service properties, as well as logistics and industrial
facilities  - always with a strong focus on sustainability. In 2020, the company
had a revenue of about SEK 3,8 billion and 310 employees.

Harju  Elekter is an  international industrial group  with more than 50 years of
experience,  with  its  main  activity  being  the development and production of
electrical  and  automation  solutions.  An  increasingly significant portion of
Harju  Elekter's technical solutions  are aimed at  the renewable energy sector,
thus  offering complete plans for solar  power plants, electric vehicle charging
stations and other related solutions. Its factories in Estonia, Finland, Sweden,
and  Lithuania  employ  approximately  800 specialists,  and  the  Group's sales
revenues  for the first  six months 2021 were  67,0 million euros. The shares of
Harju Elekter are listed on the Nasdaq Tallinn Stock Exchange.

Tiit Atso
Chairman of the Management Board
+372 674 7400

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