Harju Elekter

About issuer

Name: AS Harju Elekter (Harju Electrics Ltd.)
Core business: Main business areas of Harju Elekter Group are designing, production and marketing of various electrical engineering and telecommunication systems.
Date of establishment: 15 February 1993
Date of registration: 14 May 1996
Auditor: AS KPMG Estonia
Date of listing: 30 September 1997 (I-List)
17 February 2003 (Main List)
Market: Nasdaq Tallinn
Other listings: -

Management Board:
Andres Allikmäe (Chairman), Tiit Atso, Aron Kuhi-Thalfeldt

Supervisory Board:
Endel Palla (Chairman), Arvi Hamburg, Aare Kirsme, Andres Toome, Triinu Tombak

 

Background Information

After launching its activities in 1968, Harju Elekter Group has developed into a leading producer of MV/LV electrical and engineering devices in the Baltic countries and a well-known and respected manufacturer in Scandinavia. Harju Elekter’s main field of business is the development, manufacturing and sale of equipment necessary for the distribution and transmission of electric energy. The main business is supported by a sheet metal plant in Estonia and the development and leasing of industrial real estate. Harju Elekter Group’s subsidiaries in Estonia, Finland, Sweden and Lithuania employ more than 500 specialists, and the annual sales revenue of the Group exceeds 60 million euros. Shares of Harju Elekter are listed on Nasdaq Tallinn.

The operation of the Harju Elekter Group can be divided into two business segments – firstly production and secondly real estate and all other activities. The Parent company AS Harju Elekter include the coordination of the co-operation within the Group, management of subsidiaries and related companies through their supervisory and management boards, management of finances and investments of the Group and management of development and expansion activities. The Parent company is also responsible for administrative and lease arrangements of production premises.

There are 100% owned subsidiaries in the Harju Elekter Group. Harju Elekter Elektrotehnika (situated in Keila, Estonia) produces equipment for power distribution networks (substations, cable distribution cabinets and switchboards), industrial control and automation systems for the energy and industrial sectors as well as for public utilities. AS Harju Elekter Teletehnika (Keila, Estonia) core business is the manufacturing of sheet metal products for the needs of energetics, electro-technical and telecom companies. Finnish subsidiaries Satmatic Oy and Finnkumu Oy produce equipment for power distribution network, industrial control and automation systems for the energy and industrial sectors and pre-fabricated substations for energy sector. Harju Elekter’s Lithuanian company UAB Rifas core business is the manufacture and sale of electrical control and distribution units and the design and installation of industrial automation equipment. Also following fully owned companies belonging to Harju Elekter Group: sales company Harju Elekter AB in Sweden, Finnish industrial real estate company Harju Elekter Kiinteistöt Oy, an electrical engineering company specializing in electrical contracting for the shipbuilding industry Telesilta Oy as well as Energo Veritas OÜ (Harju Elekter’s participation 81%), a company trading in electrical materials and equipment.

 

Contact Details:
Address: Paldiski Rd. 31, 76606 Keila, Estonia
Telephone: +372 67 47 400
Fax: +372 67 47 401
E–mail: he@he.ee
Internet webpage: http://www.harjuelekter.ee
Contact person: Moonika Vetevool (Corporate communication and investor relations manager)


Issuer documents

Event type Document date Documents
Admission 1997, September Registration prospectus – ET (1.1 MB)