Company history

Overview of Harju Elekter History


2023Harju Elekter celebrates in September its 55th anniversary.
Starting from May, the new business name of AS Harju Elekter is AS Harju Elekter Group, and the new business name of AS Harju Elekter Elektrotehnika is AS Harju Elekter.
2022Harju Elekter Group's Estonian companies AS Harju Elekter Elektrotehnika and AS Harju Elekter Teletehnika merged.
Harju Elekter
celebrated its
25th listing anniversary.
2021Harju Elekter Group's Finnish companies Satmatic Oy and Finnkumu Oy merged, and the company name changed to Harju Elekter Oy.
2020Harju Elekter Group's Swedish companies SEBAB AB and Grytek AB merged, and the company name changed to Harju Elekter AB.
2018AS Harju Elekter acquired Swedish company SEBAB AB, a provider of sales and technical solutions, and its subsidiary Grytek AB, a manufacturer of pre-fabricated technical buildings.
2017AS Harju Elekter purchased an 80.51% holding in Energo Veritas OÜ, a company trading in electrical materials and equipment.
2016Harju Elekter purchased 100% of shares of the Finnish real estate company Harju Elekter Kiinteistöt Oy.
2015AS Harju Elekter made a strategic investment in Skeleton Technologies Group OÜ, a company that specializes in developing and manufacturing supercapacitors.
Harju Elekter increased its holding in Lithuanian subsidiary Rifas UAB (as of today: HARJU ELEKTER UAB) to 100%.
2014Harju Elekter sold its holdings in Draka Keila Cabels to Prysmian Group who now owned 100 % shares of Draka Keila Cables.
Satmatic Oy, a 100% subsidiary of AS Harju Elekter in Finland, signed a contract for the purchase of all shares in Finnkumu Oy, Finland’s largest pre-fabricated substation producer. Finnkumu Oy continued for a while to operate under its own name and brand as a wholly-owned subsidiary of Satmatic Oy.
2012In addition to the existing 51% holding, AS Harju Elekter acquired from a Lithuanian private individual a further 12% holding in its Lithuanian subsidiary Rifas UAB, resulting in an increase of the holding of AS Harju Elekter in the company to 63%.
2010Representitive and sales organisation Harju Elekter AB was founded in Sweden with the AS Vallin Baltic in 2010. The share of Harju Elekter in the company is 100%.
2007Harju Elekter sold its holding in the associated company AS Saajos Inexa.
2006Sales organisation SIA Energokomplekss was founded with the Latvian leading producer of electrical installations and other Latvian undertakings in 2006. The share of Harju Elekter in the company is 14% until 2022, when Harju Elekter gave up the share.
2005Harju Elekter's 100% subsidiary AS Harju Elekter Elektrotehnika based to electrical equipment factory of Harju Elekter was founded in 2005.
2003Harju Elekter purchased 51% of shares of the Lithuanian company Rifas UAB. The core business is the manufacture and sale of electrical control and distribution units and the design and installation of industrial automation equipment.
2002100 % shares of Satmatic Oy (previously subsidiary of Siemens now Harju Elekter Oy) were bought by Harju Elekter. The core business of the company is manufacturing equipment for power distribution network, industrial and automation systems for the energy and industrial sectors.
The formation and sale of subsidiary AS AJT Harju Elekter to PKC Group.
2000Harju Elekter sold its holdings in Glamox Harju Elekter to Glamox ASA (Norway) who then owned 100 % of shares of Glamox HE.
1999In March 1999 AS Saajos Balti got one more strategic investor – Inexa A/S (Denmark) whose marketing network covers the shipbuilding market worldwide. The shares of the company are equally divided between the three partners (HE 33,3%, Oy Saajos International Ltd. 33,3%, Inexa A/S, Taani 33,3%). The core business of the factory was manufacturing of fireproof doors for the construction and shipbuilding industries worldwide.
1998The fire proof doors factory of Harju Elekter starts operations as an independent company under the name of AS Saajos Balti (HE 55% – Saajos International Oy, Finland 45%).
100 % shares of AS Eltek were aquired. From 2011 till 2023 the company operated under the name AS Harju Elekter Teletehnika. Today it is part of AS Harju Elekter Elektrotehnika.
1997The shares of Harju Elekter are noted in Tallinn Stock Exchange.
1995Started production of fire proof doors with co-operation of Finnish company Oy Saajos International Ltd.
1992AS Glamox Harju Elekter (HE 49% – Glamox, Norway 51%), the associated company of Harju Elekter was founded in 1992. Main products of Glamox are various light fittings and electrical heaters.
AS Draka Keila Cables (HE 41,2% – Nokia Kaapeli, Finland 58,8%), the associated company of Harju Elekter was founded in 1992. The company produces installation cables and low-voltage power cables. Today its business name is Prysmian Group Baltics.
1991Started production of cable harnesses. Later these operations continued under the name PKC Eesti.
1988Started co-operation with foreign companies.
1983Started operations under the name of Harju Elekter.
1968Started the production of electrical equipment.

Harju Elekter Group celebrated 50th anniversary in 2018 with a digital history book.

History book “Harju Elekter – a half-century at the top” (pdf 123,8MB)

History book “Harju Elekter 40 – Forty productive years” (pdf, 3,8 MB)