Harju Elekter Group won an important tender in Sweden

AS Harju Elekter Elektrotehnika, a subsidiary of AS Harju Elekter, won a tender for the supply of substations in Sweden. E.ON Energidistribution AB, largest distribution network enterprise in Sweden, made a public announcement yesterday on the winner of the tender, based on which more than 2,000 substations will be supplied to Sweden in the 3-year contract period. The terms and conditions as well as the volume of the contract will be specified in February and the framework contract is planned to be concluded in March.

Last year, 3,000 substations were produced in the Harju Elekter Group’s factories in Estonia and Finland. This year, we are expecting a growth in the production and sales of substations in both Sweden and Finland. In order to cover the volume of commissions without any issues, AS Harju Elekter Elektrotehnika’s production capacities were increased last year, directing the operations of the subsidiary to the new production halls at Keila Industrial Park.

E.ON Energidistribution AB is the largest electricity distribution company in Sweden, with more than 44 000 substation in its electricity network. Countrywide, E.ON Energidistribution AB provides electricity to over 1 000 000 private and corporate customers Sweden. Its Parent company, E.ON is an international privately-owned energy supplier which is focused on renewables, energy networks and customer solutions, which are the building blocks of the new energy world.

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 core business is supported by a sheet metal plant in Estonia and the development and leasing of industrial real estate. Harju Elekter Group’s plants in Estonia, Finland, Sweden and Lithuania employ nearly 700 specialists, and 9 months sales revenue of the Group was 74 million euros. Shares of Harju Elekter are listed on Nasdaq Tallinn.

Andres Allikmäe
Chairman of the Board/CEO
+372 674 7400

 

Prepared by:
Moonika Vetevool
Corporate communication and investor relations manager
+372 671 2761