Kraftway Craftway Corporation

The range of products under the Kraftway brand includes personal computers for business and home, workstations, terminal systems, servers, storage systems, active cash registers, monitors, computer peripherals. The company has direct agreements with global component and software manufacturers, allowing Kraftway to integrate the latest technological advances into its products. The Kraftway service network includes more than 200 service centers in all corners of the country.

Management

Alexey Kravtsov holds the post of CEO of Kraftway.

Performance indicators

2021: Revenue decrease by 32% to RUB 5,233 million

At the end of 2021, Kraftway's revenue amounted to 5,233 million rubles, down 32% compared to 2020, which allowed it to take 95th place in the TAdviser100: The largest IT companies in Russia 2022. The revenue of JSC "Craft Corporation PLC" from the financial statements for 2020-2021 was taken into account. Excluding VAT.

History

2023

Rosatom bought 50% of Kraftway

On December 25, 2023, it became known that the state-owned corporation Rosatom acquired a 50 percent stake in the Russian manufacturer of electronics and computer technology, Kraftway Corporation PLC JSC. Under the terms of the agreement, the remaining 50% was retained by the general director and owner of the company, Alexei Kravtsov.

According to the Kommersant newspaper, NPO Critical Information Systems, a subsidiary of Rosatom, is participating in the deal. This enterprise was formed in October 2022 with the aim of implementing the presidential decree "On measures to ensure the technological independence and security of the critical information infrastructure of the Russian Federation."

Rosatom acquired a 50 percent stake in the Russian manufacturer of electronics and computer equipment JSC "Craft Corporation PLC"

The amount of the transaction between Rosatom and Kraftway as of the end of December 2023 was not disclosed. According to market participants, it can range from 3.5 to 5 billion rubles. It is known that during 2024 the state corporation will invest approximately 2-3 billion rubles in the development of Kraftway. The funds will be used to modernize the production facilities of the enterprise, conduct research and development work. It is planned to organize the production of new products as part of import substitution against the background of the departure of foreign suppliers from the Russian market. These are, in particular, hardware and software complexes working with Russian database management systems. In the future, we are talking about the release of analogues of the Oracle Exadata platform.

In addition, part of the allocated money will be directed to developments in the field of microelectronics. The creation of a family of microcontrollers for production "at the facilities of one of the plant partners" is being discussed. For Kraftway, the deal with Rosatom will help form strategic partnerships with large customers. Arseny Brykin, head of the Basis consortium, notes that the company will receive not only guaranteed demand for its products, but also prospects for entering the critical information infrastructure market.^[1]

Falling under US sanctions

Rostelecom-Solar, Craftway and Technopolice Moscow fell under US sanctions. The corresponding message from the US Treasury Department was released on September 14, 2023. Read more here.

Plans to invest Rosatom

At the end of January 2023, it became known about Rosatom's plans to buy Kraftway. Companies have already begun to negotiate.

The Kommersant newspaper wrote about Rosatom's interest in acquiring Kraftway on January 31, 2023. According to one of its informed sources, an audit of a domestic manufacturer of data storage systems and servers is planned in the near future. An informant close to the Ministry of Industry and Trade also told the publication about Rosatom's plans to absorb Kraftway, but noted that a pre-sale assessment of the company had not yet been carried out.

The purchase of Kraftway, as noted in the publication, will help Rosatom in expanding the supply of products to the public sector amid import substitution. In turn, Kraftway will be able to count on large orders in Russia, which is important in the light of the US sanctions that the company fell under.

Rosatom wants to buy one of the largest manufacturers of DSS and servers in the Russian Federation Kraftway

Kraftway has extensive experience in the development and production of electronics, as well as its own production facilities and development team. Rosatom is also developing software, so the acquisition of Kraftway will allow state corporation structures to produce domestic software and hardware complexes (PAC), the demand for which is growing rapidly. According to estimates, in 2019 the share of Russian servers and DSS in the Russian Federation was less than 10%, and by the beginning of 2023 the figure was about 50%.