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Harju Elekter Expands Supply of Substations in Sweden

Harju Elekter Expands Supply of Substations in Sweden

Harju Elekter Forms New Partnership for Substations

Harju Elekter Group is excited to announce a significant new agreement through its Swedish subsidiary, Harju Elekter AB. This partnership was established with E.ON Energidistribution AB, the largest electricity distribution company in Sweden, marking a pivotal moment for both companies.

Details of the Agreement

The framework agreement extends over three years and involves the delivery of approximately 2,000 substations. This substantial contract has a total value nearing 15 million euros, a clear indicator of Harju Elekter's growing influence in the energy sector.

Production and Manufacturing Insights

All substations included in this agreement will be fully manufactured at Harju Elekter's state-of-the-art factory located in Estonia. This allows the company to maintain stringent quality controls while utilizing local resources efficiently.

Significance of E.ON Energidistribution

E.ON Energidistribution AB stands out as a leading electricity distribution provider in Sweden. With an impressive network of over 44,000 substations, they are pivotal in supplying electricity to more than 1,000,000 private and corporate customers throughout the country.

Parent Company Overview

The parent entity, E.ON, focuses on providing sustainable solutions through renewable energy initiatives, energy networks, and customer-centric solutions. This focus aligns with the growing push toward cleaner energy sources and more efficient electrical systems.

About Harju Elekter

Harju Elekter is renowned as an international industrial group that specializes in advanced electrical power distribution solutions. The company excels in engineering, manufacturing, and installing electrification solutions for various sectors, including utilities, industries, public infrastructure, and commercial buildings.

Company Growth and Employment

With operations in Estonia, Finland, Sweden, and Lithuania, Harju Elekter employs approximately 840 individuals. Notably, in the first nine months of 2024, the company reported impressive revenues totaling 145 million euros, further solidifying its market position.

Contact Information

For more information or inquiries regarding this agreement, please contact:
Tiit Atso
Chairman
Tel: 674 7400

For additional details:
Martin Frank, Managing Director, Harju Elekter AB, phone: +46 76 134 50 80
Alvar Sass, Managing Director, AS Harju Elekter, phone: +372 53933039

Frequently Asked Questions

What is the purpose of the agreement between Harju Elekter and E.ON?

The agreement aims to supply approximately 2,000 substations to enhance electricity distribution and support renewable energy solutions.

Where will the substations be manufactured?

The substations will be produced at Harju Elekter's factory located in Estonia.

Who is E.ON Energidistribution AB?

E.ON Energidistribution AB is the largest electricity distribution provider in Sweden, catering to over 1,000,000 customers with a network consisting of more than 44,000 substations.

How many employees does Harju Elekter have?

Harju Elekter employs around 840 employees across its entities in Estonia, Finland, Sweden, and Lithuania.

What was Harju Elekter's revenue in 2024?

In the first nine months of 2024, Harju Elekter reported a revenue of 145 million euros.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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