Teknos Group, which suspended its Russian operations in March 2022 and in April 2022 announced a controlled exit from the Russian market, has completed the process of exiting the country. As of July 11, 2022, 100% of shares in the company’s Russian entity, Teknos OOO, were sold.
Teknos began operations in Russia in 2005. The company had offices in Moscow and a fit-for-purpose production plant in St. Petersburg, which opened in June 2015.
“This is a sad and unique moment in Teknos history. This was the only way to ensure any continuity for our personnel. I wish the new owners good luck in running the business, supported by the expertise and experience of our Russian team,” said Paula Salastie, Teknos CEO and owner of Teknos Group.
For further information, visit www.teknos.com.