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OAO “Avtoelectronica” is one of the leading automotive enterprises, developing and manufacturing products and systems with electronic components for buses, cars, tractors and other agricultural machines’. The group is part of Siemens AG and generated sales of EUR 9.6 billion in the 2005 business year (30.9.). The infrastructure in Kaluga enables us to extend the production facilities of AVTEL and to create new jobs in order to better serve our customers like Volkswagen AG, who is just building a new production plant nearby,” Dmitri Azarov, Head of OOO Siemens VDO Automotive, Russia, added.Ĭorporate Communications / Корпоративная Group Communications коммуникацияĮ-mail: VDO Automotive is a leading international automotive electronics and mechatronic supplier. “AVTEL has an excellent position with Russian car manufacturers and will broaden our customer base by supplying other European, US- and Asian OEMs. Siemens VDO already has a solid basis for R+D and production in Russia with its facilities for the manufacturing of instruments and tachographs in Chistopol, and the engineering joint venture with NPP ELCAR for the development of engine management systems in Moscow. Due to the high growth rates of the Russian automotive market, we see good prospects for suppliers”, Reinhard Pinzer, Group Vice President of Siemens VDO Automotive, said at the signing ceremony in Moscow. “With our engagement in this joint venture, we will continue our strategy to increase our business in the Russian market. In 2005, the company had a sales volume of 35 millions EUR (1,2 billion Rubles) and about 300 employees. It develops and produces automotive components, such as engine controls, sensors, and injectors. The companies agreed secrecy over the purchasing price.ĪVTEL was founded in 1999 in Kaluga. The closing for the deal is expected by beginning of November. The company will operate as AVTEL – a joint venture between Siemens VDO, Elcar and Avtoelectronica. Siemens VDO Automotive will become the leading partner in the joint venture. On October 31, 2006, Siemens VDO Automotive signed a contract to acquire 51 percent of the shares of the automotive supplier AVTEL, a joint venture of the Russian companies Avtoelectronica and NPP ELCAR.