Harju Elekter Group

Introduction:

Established in 1968, Harju Elekter is an international industrial group with extensive experience in providing future-proof solutions for electrical power distribution. As a NASDAQ-listed company since 1997, we engineer, manufacture, and install electrification solutions for utilities, industries, infrastructure, buildings, and marine applications. Our long-standing history in the electrical industry makes us a leading player known for our high quality, reliability, and innovation.

We boast a robust team of around 1,000 professionals, including over 100 skilled engineers and 600 dedicated production workers, delivering future-proof electrical distribution and automation solutions across the globe with a focus on Northern Europe. Our diverse expertise ranges from small serial production assemblies to large-scale E-houses for industry-leading clients. Operating in over 55,000 m² of production space across Estonia, Finland, Lithuania, and Sweden, we are well-equipped to handle projects of any scale.

Financial performance:
Harju Elekter reported revenue of €208 million for fiscal year 2023, reflecting our strong market position and operational efficiency. The company is listed on Nasdaq Tallinn under the ticker HAE1T, with a market capitalization of €88 million as of June 2024.

Strategic investments and acquisitions:
Harju Elekter engages in strategic investments and acquisitions to enhance its market presence and technological capabilities. Notably, we have invested in Skeleton Technologies, specializing in ultracapacitor energy storage, and acquired various firms in the electrical equipment and engineering sectors. These strategic moves are aimed at expanding our service offerings and reinforcing our commitment to innovation.

Commitment to sustainability:
Harju Elekter prioritizes sustainable practices, ensuring that our solutions are not only effective but also environmentally responsible. Our operations adhere to high standards of environmental stewardship, reflecting our core values of development, cooperation, and reliability.