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Saturday, 23.11.2024, 06:33
Harju Elekter acquires Sweden's Sebab
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Harju Elekter is acquiring the shares from the company Tnaa AB for 3.6 million euros, of which 3 million euros will
be paid on January 8, 2018, Harju Elekter
told the stock exchange.
The acquired companies will initially continue to use their names and
trademarks, operating as full subsidiaries of the group.
Harju Elekter Group has been active on the Swedish market since 2010, delivering
substations and industrial automation solutions to Swedish clients. As a result
of this transaction, new prospective market segments will be entered in Sweden,
and the group's product portfolio will be expanded.
Concurrently, Harju Elekter's
capability to offer its Swedish clients more complete technical solutions and
"turnkey" projects as well as service support will increase.
Andres Allikmae, Tiit Atso and Thomas Andersson were
appointed as members of the management board of SEBAB AB as well as Grytek
AB. Thomas Andersson will continue as a CEO of SEBAB AB and Grytek AB.
«The Baltic Course» Is Sold and Stays in Business!
