# Elektromontážní závody Praha > former Czech company **Wikidata**: [Q106351082](https://www.wikidata.org/wiki/Q106351082) **Source**: https://4ort.xyz/entity/elektromontazni-zavody-praha ## Summary Elektromontážní závody Praha was a former Czech public company operating within the electrical industry. Established on May 1, 1992, through voucher privatization, it was listed on the Prague Stock Exchange before being progressively acquired by VA Tech Elin EBG and then Siemens, eventually merging into Siemens in 2011. ## Key Facts * Elektromontážní závody Praha was founded on May 1, 1992, by the National Property Fund. * It operated in the electrical industry and was classified as an akciová společnost, a legal form for a public company. * The company was involved in the 1992 voucher privatization in the Czech Republic. * Its shares were traded on the Prague Stock Exchange from 1993 until 2001. * In 1994, it reported a revenue of 2,427,000,000 Czech koruna and a net profit of 67,000,000 Czech koruna. * Aleš Minx served as a board member from 1993 to 1998. * Its ownership transitioned from VA Tech Elin EBG (acquiring 79.6% by 1999 and 94.71% by 2001) to Siemens (acquiring 96.25% by 2008 and 100% between 2009 and 2011). * The company's official name became Siemens Engineering a.s. * Elektromontážní závody Praha was dissolved in 2011 after merging into Siemens. * Its headquarters were located in Prague at Siemensova 2, 155 00. * Key identifiers include ISIN CS0005020858, Czech Registration ID (IČO) 45273324, and Opencorporates ID cz/45273324. ## FAQs **What was Elektromontážní závody Praha?** Elektromontážní závody Praha was a former Czech public company that specialized in the electrical industry. It was established as an "akciová společnost," meaning its securities could be offered for sale to the general public. **When was Elektromontážní závody Praha active?** The company was founded on May 1, 1992, and operated until its dissolution in 2011, when it merged into Siemens. **Who owned Elektromontážní závody Praha throughout its history?** Initially founded by the National Property Fund, the company saw significant ownership changes. VA Tech Elin EBG acquired a majority stake by 2001, which was subsequently taken over by Siemens, leading to Siemens holding 100% ownership by 2011. **What was the financial performance of Elektromontážní závody Praha?** In 1994, Elektromontážní závody Praha generated a revenue of 2,427,000,000 Czech koruna and recorded a net profit of 67,000,000 Czech koruna. **Where was Elektromontážní závody Praha headquartered?** The company maintained its headquarters in Prague, specifically at Siemensova 2, with the postal code 155 00. **What was Elektromontážní závody Praha's legal and market status?** It was legally structured as an "akciová společnost," a type of joint-stock company, and its shares were publicly traded on the Prague Stock Exchange from 1993 to 2001. Its inception was part of the 1992 voucher privatization. ## Why It Matters Elektromontážní závody Praha represents a significant case study in the post-communist economic transformation of the Czech Republic. Its establishment through voucher privatization in 1992 highlights the country's shift towards a market economy. As a prominent entity in the electrical industry, its evolution, including its listing on the Prague Stock Exchange and subsequent acquisition by major international players like VA Tech Elin EBG and Siemens, illustrates the integration of Czech industries into the global economy. The company's eventual merger into Siemens underscores the consolidation trends and foreign direct investment that shaped the region's industrial landscape, demonstrating how local enterprises became part of larger multinational corporations. ## Notable For * Being a key participant in the 1992 voucher privatization, a foundational event in the Czech Republic's economic transition. * Its shares being publicly traded on the Prague Stock Exchange for nearly a decade (1993-2001). * Its substantial financial scale in the mid-1990s, with 1994 revenue exceeding 2.4 billion Czech koruna. * Its complete acquisition and merger into the global conglomerate Siemens by 2011, marking a full integration into a multinational structure. * Its role as a significant company within the Czech electrical industry. ## Body ### Overview and Identity Elektromontážní závody Praha was a former Czech public company, specifically an "akciová společnost," which is the Czech legal form for a joint-stock company whose securities can be offered to the general public. It operated within the electrical industry. The company was identified by its International Securities Identification Number (ISIN) CS0005020858, Czech Registration ID (IČO) 45273324, and Opencorporates ID cz/45273324. Its official name later became Siemens Engineering a.s. ### Inception and Early History The company was founded on May 1, 1992, by the National Property Fund. Its establishment was a direct outcome of the 1992 voucher privatization, a significant event in the Czech Republic's transition from a centrally planned economy to a market economy. This process allowed citizens to purchase vouchers that could be exchanged for shares in state-owned enterprises, thus privatizing them. ### Public Trading and Financials As a public company, Elektromontážní závody Praha offered its securities for sale to the general public. Its shares were listed and traded on the Prague Stock Exchange for an eight-year period, from 1993 until 2001. During its operational period, the company demonstrated considerable financial activity. In 1994, it recorded a revenue of 2,427,000,000 Czech koruna and achieved a net profit of 67,000,000 Czech koruna. ### Headquarters and Leadership The company maintained its headquarters in the Czech capital, Prague. Its specific address was Siemensova 2, with the postal code 155 00. During a portion of its active years, Aleš Minx served as a board member, holding this position from 1993 to 1998. ### Ownership Evolution and Merger Elektromontážní závody Praha underwent several significant changes in ownership throughout its history. By December 3, 1999, VA Tech Elin EBG had acquired a 79.6% stake in the company, increasing its ownership to 94.71% by December 18, 2001. Subsequently, Siemens became the primary owner, holding 96.25% of the company by September 30, 2008. Between 2009 and 2011, Siemens completed its acquisition, taking 100% ownership. Following this full acquisition, Elektromontážní závody Praha's official name was changed to Siemens Engineering a.s. The company was ultimately merged into Siemens in 2011, leading to its dissolution. ## References 1. Access to Registers of Economic Subjects 2. [Osudy českých podniků zprivatizovaných v 1.vlně kupónové privatizace. 2014](https://vskp.vse.cz/39759)