Harju Elekter Group divests part of its stake in Skeleton Technologies OÜ
Summary
Harju Elekter Group approved a partial divestment of its stake in Skeleton Technologies Group to Siemens International Holding. The transaction is valued at 5.7 million euros and should close later this year. Harju Elekter says the deal lets it recover its original investment with a modest return while strengthening financial flexibility for future investments and dividends. After the sale, Harju Elekter will remain a shareholder and still plans a full exit by 2028 if conditions allow.
AskAI Classifications
Sectors
Manufacturing Industry
ERP for Manufacturing
CAD-CAE Software
Functions
Internet of Things (IoT) Platforms
General IoT
Linked Companies
Siemens AG
$1B+